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UAE-based oil manufacturing group Gulf Petrochem has appointed a former Indian Oil chairman as its Strategic Advisor and member of Board of Directors.
Brij Mohan Bansal, with over 40 years of experience in the energy sector, will oversee Gulf Petrochem Group's strategic expansion plans especially within the mergers and acquisitions space as well as managing the process of integration and diversification.
"Bansal brings with him unrivaled experience as witnessed by his accomplishments at Indian Oil Corporation. His appointment is a strategic complement to our board, ensuring our diversification and expansion plans into emerging markets which will help the group realise our long-term objectives," Gulf Petrochem MD Sudhir Goyel said yesterday.
Bansal has overseen and assumed strategic responsibility for the growth of Indian Oil and Kenya Petroleum Refineries besides identifying and initiating foreign and domestic strategic partners.
As an IMD Certified Project Director bestowed from the International Projects Management Association, Bansal will lead the group's project formulation, implementation and operations ensuring that quality, safety and cost efficiencies are maximised.
"I have witnessed the group's exponential growth over the years, and when the opportunity arose to join its board and develop the USD 2 business further, it was something that I was honored to take. We will continue to position Gulf Petrochem Group as the global conglomerate it truly is.
"With refining facilities in the UAE and Tanzania, storage terminals in Fujairah and Hamriyah Freezone in the UAE, another in progress in Pipavav, India and presence in six other markets, the group is well positioned to continue its high growth rate," Bansal said.
Headquartered in the United Arab Emirates, Gulf Petrochem Group is a leading player in the oil industry, having a presence in South Asia, the Far East Asia, Africa and Europe.
