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Sunday, December 6 - 2009

Gulf Energy Maritime appoints new Board Director

  • United Arab Emirates: Saturday, June 07 - 2008 at 11:24

The Middle East's largest independent commercial product tanker operator, Dubai-based Gulf Energy Maritime (GEM), has appointed Tayyeb Al Mulla of International Refining & Marketing (IRM), an affiliate of Dubai-based Emirates National Oil Company (ENOC), as a Director of the GEM Board.

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  • Tayyeb Al Mulla.
    Tayyeb Al Mulla.
Al Mulla takes over from Mirza Al Sayegh, who held the position for the past four years, and will now be a part of the GEM board which provides strategic input and direction to the $1.3bn energy transporter.

Al Sayegh also heads the investment affairs of the office of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the UAE Minister of Finance and Industry, besides chairing several other governmental and privately owned enterprises.

With over 20 years experience in the petroleum industry, Al Mulla started his career with Abu Dhabi National Oil Company (ADNOC) in 1980, before moving to EPPCO (Emirates Petroleum Product Company) in Dubai, eventually assuming the position of Chief Executive of IRM at ENOC in 1992. Al Mulla is also director of the board of several companies within the ENOC Group.

As the new director of the board, Al Mulla will be involved in strategic decision making along with other board members which has long lasting impact on the company's business plans. With GEM's 810% growth in the last four years, Al Mulla will also be responsible for continuing the impressive progress that the company has witnessed since its inception.

"Tayyeb Al Mulla has had a long and fruitful history in the regional petroleum industry, and his appointment as director of the board at GEM will surely benefit the company's growth strategy in the coming years," said Ahmed Essa Hareb Al Falahi, CEO, GEM.

"Al Mulla's experience will be paramount in making decisions that will impact the company's future plans, in addition to providing proven industry advice that will help us increase our profit and grow our business."

Al Mulla has a bachelor's degree in business administration from the Valparaiso University, (Indiana), U.S.A. in May 1980.
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Notes and media contacts

About Gulf Energy Maritime (GEM) PJSC:

Headquartered in Dubai, GEM is the Middle East's largest independent, commercial product tanker operator and boasts the world's most modern Product and Chemical tanker fleet. Committed to delivering excellence in safety and quality, GEM's Tanker Management Self Assessment System required by the Oil Companies International Marine Forum, has been approved by ExxonMobil, BP, Shell and Chevtex - the first Middle East product tanker operator to be approved by four of the world's oil majors.

Established three and a half years ago, GEM has built an asset value now standing at $1.3bn.

GEM is certified by Lloyd's Register Quality Assurance to the ISO-2000 Quality Management System and ISO 14001-2004 Environment Management System for the operational and technical management of a fleet of petroleum and chemical tankers trading worldwide. These also incorporate the pollution prevention requirements of the International Marine Organization's ISM Code.

GEM is a joint venture partnership between Dubai's Emirates National Oil Company (ENOC), Abu Dhabi's International Petroleum Investment Company (IPIC), the Oman Oil Company (OOC) and Thales of France under the UAE Offsets program.

For further information:

Gladson Ronad, MCS/Action, PO Box 20970, Dubai, United Arab Emirates.
Tel: +9714 390 2960; Fax: +9714 390 8161; Mob: +971 50 4533479

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