Petri Pentti brings 22 years of experience in energy, aviation and metal industry into his new assignment in Dubai

Dubai, November 3, 2008: Emirates National Oil Company (ENOC), the Dubai Government-owned diversified Energy Group, announced the appointment of Petri Pentti as Group Chief Financial Officer as part of bringing in world-class expertise and talent to lead the company’s ongoing growth and expansion.

Petri Pentti

As Chief Financial Officer, Pentti played a major role in setting up Neste Oil through an IPO and was part of the Neste Oil team that set up the world’s first second generation bio diesel refinery. He holds a Masters Degree in Economics and Business Administration and started his career at the Finnish metal industry group, Wartsila Limited.

Prior to joining Neste Oil, Pentti was Senior Vice President and Chief Financial Officer of the Finnish flag carrier Finnair OYJ. He played a key role in the restructuring of the aviation company and opened new business streams through the establishment of Finnair Aircraft Finance Limited group. Pentti was also a member of the financial committee of the International Air Transport Association (IATA).

Saeed Abdullah Khoory, ENOC Group Chief Executive said that the appointment of Pentti will bring a new direction and dynamism to the overall financial activities of ENOC.

“We are excited to welcome him to ENOC at this crucial phase of expansion and unprecedented challenges. With his strategic leadership and best practice approach to financial management, Mr. Pentti will be set to steer ENOC through these challenges, turning them into further growth opportunities,” added Khoory.

Pentti commented, “Over the years, ENOC has positioned itself as a forward-looking company that shares the financial strengths and ambitions of Dubai. It is also encouraging to see ENOC aligning its financial success with the ideals of sustainability and community development. I look forward to working with such a strong and responsible corporate.”

ABOUT ENOC
Established in 1993 as a wholly-owned company of the Government of Dubai, ENOC aims to promote the interests of its shareholders through further development of downstream and upstream activities in the oil and gas sector and beyond and to encourage the economic diversification of Dubai and the rest of the UAE.

ENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.

Since its inception, ENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.

ENOC’s vision is to be the reliable Energy Partner of Choice in each sector in which it operates.

For further information, please contact:
Kim Pinto/ Hiba Al Hafidh/
ASDA’A Burson-Marsteller
Tel: +971-4-3344550
Fax: +971-4-3344556
E-mail: k.pinto@asdaa.com/h.alhafidh@asdaa.com

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