World News
Gulf Petrochem Appoints New Executive Director for Growth Drive
Gulf Petrochem has announced in an emailed press release the appointment of Thangapandian Srinivasalu as Executive Director for the group and member of the Board of Directors effective immediately.
Thangapandian S had previously held the position of CEO for Marketing and IST at Essar Oil Limited.
"During this time of transition into emerging markets and diversification of our business in the downstream and midstream sector, there is no-one more qualified to help drive organic growth and identify like-minded partners that will broaden our facilities, capabilities and services we offer customers," said Ashok Goel, Chairman of the Board at Gulf Petrochem.
"Thangapandian joins our family-owned business with the same values that puts a priority on people and his vision for a modern, innovative and globalized oil company is what will keep Gulf Petrochem at the forefront of its industry."
The company said Thangapandian S will be driving the company's growth into new territories including the Far East, East Africa and consolidation in the Gulf and Indian subcontinent.
The growth will come from mergers and acquisitions and organic growth, especially in the local UAE and Indian markets, the company said.
Thangapandian S joins Ashok Goel, Chariman, Sudhir Goyel, Managing Director and Group Directors Manan Goel and Prerit Goel on the Gulf Petrochem Board.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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