Abu Dhabi's New Head of Oil Company Comes From Investment Side - Bloomberg Business

Abu Dhabi's New Head of Oil Company Comes From Investment Side - Bloomberg Business:

"Abu Dhabi, the Persian Gulf emirate that holds about 6 percent of global crude reserves, replaced the head of its state oil company with an executive who spent the last 10 years investing in energy as prices languish near a 12-year low.
Sultan Al Jaber was named director general of Abu Dhabi National Oil Co., succeeding Abdulla Nasser Al Suwaidi, who had the job since June 2011, state-run Emirates News Agency reported, citing a government decree. Al Jaber joins Adnoc from Abu Dhabi’s investment fund, Mubadala Development Co., where he is chief executive officer of the energy unit. He’s also a government minister."



'via Blog this'