Oman Oil Company appoints new CEO

24 August 2014

Isam bin Saud al-Zadjali replaces previous head jailed in corruption crackdown

State-owned Oman Oil Company (OOC) has appointed Isam bin Saud al-Zadjali as its new CEO, replacing the previous head who was jailed on a corruption charge.

Al-Zadjali previously served as senior vice-president business development for Middle East and North Africa (Mena) at US-based Occidental Petroleum and president of its local oil producer Occidental Oman.

Previous CEO Ahmad al-Wahaibi was in February sentenced to 23 years in prison, charged with accepting bribes, abuse of office and money laundering.

The sentence was part of an anti-graft clampdown in Oman, which also handed jail to terms to several other executives and government officials.

OOC has more than 40 investments in 15 countries with domestic projects including a new refinery and petrochemicals project at the central port of Duqm.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.