Nazar Al Lawati joins Orpic as its CFO
MUSCAT: Oman Oil Refineries and Petroleum Industries Company (Orpic) has officially announced the appointment of Nazar Al Lawati as its chief financial officer (CFO).
Having joined GlassPoint earlier this year, Al Lawatihas returned to his position as CFO of Orpic. He has more than 20 years of experience in the Gulf region, and in the oil and gas and consumer sectors. An Omani national, Al Lawati started his career in 1995 as a petroleum engineer with Petroleum Development Oman (PDO).
In 1998, he joined Unilever as a finance management trainee and progressed to various finance management regional roles in the UAE and Saudi Arabia.
Oil and gas sector
In 2004, Al Lawati returned to the oil and gas sector, joining Shell Upstream to lead the implementation of SOX 404 in the Middle East. During his time with Shell, he was responsible for governance risk and assurance in the region, and was later appointed the finance manager for Shell’s upstream business in Abu Dhabi and Pakistan.
Returning to Oman in 2011, he joined Orpic as manager of financial services, before being promoted to the role of chief financial officer the following year.
His breadth of technical skills, coupled with his strategic counsel and insight, provide a unique and valuable perspective.
“Orpic has always been a fantastic place to work in. During my earlier tenure with them, I led the company in securing major debts. This included raising $3.8 billion project finance for Orpic’s Liwa Plastics Industries Complex Project, $2.8 billion for the Sohar Refinery Improvement Project and $900 million in corporate debt. Orpic is at the threshold of major growth and I am excited to be part of this journey,” Al Lawati said.
He holds a Bachelor’s Degree in Electrical Engineering from University of Sussex, United Kingdom (UK). He is also a Chartered Management Accountant, registered with the Chartered Institute of Management Accountants, UK.