Wed 15 Mar 2017 10:16

Gulf Petrochem makes strategic appointment


Former Bharat Petroleum executive director, Rakesh Mehra, joins UAE firm.



Gulf Petrochem on Wednesday announced that its board of directors has appointed Rakesh Mehra as Strategic Advisor.

Prior to joining the UAE-headquartered firm, Mehra held a number of executive director positions at Bharat Petroleum Corporation Ltd, where he headed the pipelines division, international trade department and corporate planning.

Mehra was also a board member at Bharat Matrix - a joint venture between Bharat Petroleum and Germany's Matrix Marine.

In his previous role, Mehra oversaw the import of roughly 28 million tonnes of crude oil for Bharat Petroleum's group of refineries. This also incuded the export of petroleum products, commodity hedging across international markets and independent shipping chartering.

In a statement, Gulf Petrochem said: "With over 35 years experience in the oil industry encompassing refinery operations, marketing, inbound and outbound logistics, biofuels, international trading and commodity risk management, Mehra will oversee Gulf Petrochem Group's strategic expansion plans while improving profitability along with the group's global brand."

Manan Goel, Group Director at Gulf Petrochem, remarked: "Rakesh Mehra brings with him a wealth of experience as witnessed by his accomplishments at Bharat Petroleum. His appointment is a strategic complement to our group, ensuring our global expansion plans and global reputation remain to the highest standards along with looking at ways to continue our development for us to realise our long-term objectives as a group."

Commenting on his appointment, Rakesh Mehra said: "I have witnessed the group's exponential growth from afar, and when the opportunity arose to join the group and develop the $2.5 billion business further, it was a challenge that I could not turn down. With a truly global presence across its businesss units consisting of bunkering, trading, refining, shipping and storage, the group is extremely well positioned to cope with the current market dynamics and prosper into the future."


Product tanker Artizen, owned by Hong Lam Marine. Hong Lam Marine takes delivery of Artizen tanker in Japan  

Singapore-based firm receives new vessel from Kegoya Shipyard.

Birdseye view of containership. Panama Canal launches NetZero Slot to incentivize low-emission transits  

New reservation category prioritizes dual-fuel vessels capable of using alternative fuels from November.

Van Oord's Vox Apolonia. Van Oord deploys bio-LNG dredger for Dutch coastal project  

First bio-LNG-powered trailing suction hopper dredger operation begins in the Netherlands.

Model testing for Green Handy methanol-powered vessel. Methanol-fuelled Green Handy ships pass model tests ahead of 2026 construction  

Baltic carrier reports model testing exceeded performance targets for 17,000 dwt methanol-powered vessels.

Miguel Hernandez and Olivier Icyk at AiP for FPSO. SBM Offshore's floating ammonia production design gets ABS approval  

Design converts offshore gas to ammonia while capturing CO2 for maritime and power sectors.

Philippe Berterottière and Matthieu de Tugny. GTT unveils cubic LNG fuel tank design for boxships with BV approval  

New GTT CUBIQ design claims to reduce construction time and boost cargo capacity.

Wilhelmshaven Express, Hapag-Lloyd. Hapag-Lloyd secures multi-year liquefied biomethane supply deal with Shell  

Agreement supports container line's decarbonisation strategy and net-zero fleet operations target by 2045.

Dual-fuel ship. Dual-fuel vessels will dominate next decade, says Columbia Group  

Ship manager predicts LNG-powered vessels will bridge gap until zero-carbon alternatives emerge.

Stril Poseidon vessel. VPS campaign claims 12,000 tonnes of CO2 savings across 300 vessels  

Three-month efficiency drive involved 12 shipping companies testing operational strategies through software platform.

Birdseye view of a ship. Gard warns of widespread cat fines surge in marine fuel  

Insurer reports elevated contamination levels, echoing VPS circular in early September.