Bapco accepts CEO resignation
Manama, January 20, 2013
The board of directors of Bahrain petroleum Company (Bapco) accepted the resignation of chief executive (CEO) Gordon Smith who is leaving the company next month.
This was decided at a meeting chaired by company chairman Adel Almoayyed, said a report in our sister publication the Gulf Daily News.
The board reviewed a number of operational, EHS (environmental, health and safety) and organisational issues.
Smith was thanked for his valuable contributions, especially in the Bapco modernisation programme, first in his role as deputy CEO refining and marketing and then as the CEO.
Almoayyed will take over the responsibilities of the CEO on an acting basis effective from February 1.
The operating performance report for 2012 was also presented to the board and management and employees were thanked for the good operating results and for their ongoing excellent contributions for the success of the company. – TradeArabia News Service
More Energy, Oil & Gas Stories
- Experts discuss Mena energy markets outlook
- Saudi Nov output steady, pumps 9.745m bpd
- Libya lost $7bn to oil strikes, says minister
- Iran to start gas exports to Iraq by July 2014
- Taqa invites banks ahead of bond issue
- Dewa ups 2014 budget by $1.8bn from 2013
- Egypt govt pens energy debt payoff deal
- Qatar ready to invest in Turkey power project
- Asia gasoline margins set to plunge in 2014
- Egypt signs oil exploration deals with foreign firms