Mr. Aissaoui is Announced as Head of the Newly Established Economics and Research Department

13/11/2007 – Mr. Ahmad Al-Nuaimi, Chief Executive and General Manager of the Arab Petroleum Corporation today announced that he has decided to nominate Mr. Ali Aissaoui as Head of the newly established Economics and Research department.

Announcing the nomination, Mr Ahmad Al-Nuaimi said:

‘The new department is a momentous step forward in APICORP’s continuing progress and a key element in achieving the corporation’s strategy and I am delighted to announce the nomination of Ali Aissaoui as its head. Mr. Aissaoui, who has already proved himself in the field of economic and energy research, is able to make a decisive contribution towards implementing APICORP’s newly adopted vision that aims at being recognized as a world-class professional institution and the leading source of research on the Arab hydrocarbon and energy industries”.

Note for Editors

Ali Aissaoui joined the Arab Petroleum investments Corporation (APICORP) in 2003 as Senior Research officer. He is formerly an advisor to the Algerian government on energy policy issues and member/chairman of the OPEC Board of Governors. Prior to joining APICORP, Mr. Aissaoui was Senior Research Fellow at the Oxford Institute for Energy Studies.

At APICORP he set up and head a research unit in charge of scanning the Corporation’s environment, framing its business strategy and assessing and monitoring country risks and petroleum industry risks.

Mr. Aissaoui is a member of several professional associations including the Oxford Energy Policy Club and the Paris Energy, Oil and Gas Club. He is the author and co-author of three books as well as numerous commentaries, op-ed and analyses articles on energy markets and the political economy of the major petroleum-exporting countries of the Middle East and North Africa.