Dr. Aflah Al Hadhrami Appointed CEO of Integrated Gas Company

Company

About

Aflah Al Hadhrami has an extensive track record of local, regional, and international experience in executive leadership within the oil and gas sector. With a professional career spanning over 28 years, he has held various executive, operational, technical, and commercial roles in multiple companies. Integrated Gas Company S.A.O.C was established by the decision of the Ministry of Finance in December 2022, adopting its Articles of Association and financial system in accordance with the provisions of Commercial Companies Law No. 18/2019 and its amendments, the Privatization Law issued by Royal Decree No. 51/2019, and Capital Market Law and its amendments issued by Royal Decree No. 80/1998. This is in accordance with the provisions of the Founding Agreement and the Articles of Association. Integrated Gas Company is a wholly-owned company by the Ministry of Finance, responsible for managing all allocations, assets, rights, and obligations related to the purchase, sale, import, export, and transportation of natural gas and related products on behalf of the Omani government under the license agreement granted to them. The establishment of Integrated Gas Company aims to enhance the efficiency of the gas sector's management, improve the financial performance indicators of the Sultanate of Oman, exclude the expenses of purchasing and transporting gas from the state budget, and channel the revenue from gas sales to the general treasury of the state. It also aims to ensure the effective implementation of contracts signed in the gas sector, whether by producers or consumers, and to implement government policies and plans regarding gas selling prices, allocated quantities for sectors, and gas sales to gas-based projects. This is while increasing economic activity and the value-added for the gas sector and related activities.