Chief Executive Officer

Oman Investment Authority; Muscat; On-site; OMR 120,000 - 180,000; Full time

Job summary

Oman Investment Authority seeks a Chief Executive Officer for the OQBI Function to lead the Methanol Ammonia LPG and Utilities downstream portfolio in Oman. You will own strategic direction, financial performance and overall operations, ensuring value creation and compliance with HSSE and governance standards.

You will oversee P&L, drive capital planning, manage partnerships with government ministries and key stakeholders, and lead organizational capabilities across strategy, finance, legal, and

Qualifications

• 18+ years in relevant sectors, with deep downstream/oil & gas exposure.
• At least 5+ years in a senior management role with P&L responsibility.
• Experience in budgeting, financial planning and governance.
• Strong leadership, strategic planning and stakeholder engagement.

Responsibilities

• Formulate and steer the portfolio strategy to maximize profitability and shareholder value.
• Oversee asset P&L, OPEX, CAPEX, cash flows and net profits with strong financial discipline.
• Lead partnerships, negotiations and government stakeholder relations.
• Ensure HSSE, regulatory compliance and corporate governance across the portfolio.
• Drive operational excellence and performance improvements across facilities.
• Guide cross-functional teams in strategy, finance, legal and operations.

Skills

Strategic leadership

P&L management

Stakeholder management

HSSE compliance

IT & data literacy

Education

Bachelor's degree in Engineering

MBA or EMBA preferred

Tools

MS Office

Job description

Job title

Chief Executive Officer Stream OQBI Function OQBI -CEO Office Location Oman Salalah Reporting to Board of Directors Direct reports Chief Operating Of cer Chief People amp Technology Officer Chief Financial Officer General Counsel Head of Strategy

Job purpose

The Chief Executive Officer CEO of OQBI is responsible for the strategic direction financial performance and overall operations of the Methanol Ammonia LPG and Utilities downstream business portfolio This role involves developing business strategies in alignment with shareholder s objectives optimizing financial performance and ensuring the sustainable growth of the portfolio The CEO will have full responsibility for managing the profit and loss P amp L of OQBI s assets ensuring effective OPEX CAPEX cash flow management EBITDA and net profits The CEO will also guide operational excellence manage partnerships and ensure compliance with HSSE Assurance and Legal standards The role includes oversight of corporate governance and ensuring compliance with all regulatory and internal policies This role is guided in accordance with the OQBI s Mission Vision Values and Strategies as well as policies guidelines and both local amp international standards It is supported by an IT Technology platform HSSE standards Omani government regulations legal justifications and best international practices All these elements are aligned with the national objectives of Oman

Main tasks and responsibilities

• Strategy Formation amp Direction

  Contribute to the development and refinement of OQBI s vision strategy and overall direction to maximize long-term profitability and shareholder returns Ensure strategic alignment of OQBI s portfolio with shareholders strategy Advise the shareholders on key priorities and ensure strategic execution

• Business amp Financial Planning

  Review and challenge asset strategies business plans and budgets to ensure alignment with corporate strategy Consolidate and present OQBI s business plans and budgets for approval by the board Oversee P amp L responsibility for OQBI s assets managing OPEX CAPEX cash flows EBITDA and net profits Monitor financial performance against approved budgets to ensure alignment and financial optimization Oversee cost control and competitive unit cost management for OQBI assets

• Commercial and Downstream Portfolio Management

  Develop and monitor cost reduction initiatives across the portfolio Support capital planning and capital allocation for OQBI assets Set KPIs for portfolio assets in alignment with corporate targets and monitor progress toward achieving business efficiency Lead continuous improvement initiatives across the assets to foster a performance-driven culture

• New Business Development amp Partnerships

  Identify and evaluate business opportunities in line with OQBI s strategic goals Develop and manage clean energy initiatives across the portfolio Lead negotiations for key agreements including partnerships and transactions to optimize the portfolio s profitability and de-risk assets Build and maintain relationships with partners government ministries suppliers and key stakeholders to support OQBI s strategic objectives Assess operational performance and collaborate with operational teams to drive performance improvements

• Legal

  Ensure OQBI s operations comply with all relevant statutory regulatory and governance standards Promote transparency accountability and effective decision-making within the OQBI portfolio Oversee compliance with local and international legal and regulatory standards working closely with the Legal department

• HSSE

  Review and ensure OQBI s HSSE standards and procedures align with policies Ensure that operations comply with HSE regulations assessing and mitigating risks to safety and the environment Oversee the quality control process to ensure compliance with HSE standards

• Internal Audit

  Work with Internal Audit function to ensure all business activities align with the highest standards of auditing compliance and risk management Support and ensure that assurance activities are carried out effectively and that audits are performed in compliance with both local and international standards Ensure audit findings are acted upon in a timely manner promoting continuous improvement and risk mitigation across the organization

• Operations

  Lead the operations planning process collaborating with various departments to achieve production and financial targets within OPEX guidelines Oversee the operation of Methanol Ammonia and LPG facilities to meet target quantities and qualities Ensure the optimal functioning of facilities minimizing downtime and managing expenditure effectively Lead the team to ensure that production targets are met efficiently and safely while maintaining the highest operational standards

Education requirements

Bachelor s degree in Engineering Required Post-graduate preference in MBA EMBA or equivalent Language requirements Excellent knowledge of written read and spoken English required Arabic - Native desirable

Bachelor s degree in Engineering (Required)Post-graduate preference in MBA, EMBA, or equivalentLanguage requirements: Excellent knowledge of written, read, and spoken English (required) Arabic - Native (desirable)

Background and experience

18+ years of relevant experience. 5+ years in a senior management role. In depth experience and strong understanding of each major area of Downstream operations. Experienced in resource control, contract management and general management. Demonstrable competency in strategic planning and business development. Working knowledge of data analysis and performance/operation metrics. Working knowledge of IT/Business infrastructure and MS Office Record of accomplishment of successful management in the Energy sector subject to change in a competitive market environment. Experience working in blue chip Oil and Gas Companies. An understanding of the dynamic of Omani industry sector is desirable and the factors influencing its direction and development. Demonstrate responsibility for profit management organization with business divisions.

Competencies and skills

Strong management & leadership skills to lead all aspects of the Facilities support process & should be able to work collaboratively with all involved. Ability to manage time effectively and handle both internal and external conflicts. Excellent interpersonal and public speaking skills. Aptitude in decision-making and problem-solving. Excellent interpersonal skills and multi-cultural sensitivity. Strong ability to organize effectively, delegate responsibility, solve problems quickly and communicate clear. Must be capable of working in a professional team environment and liaise with external parties and stakeholders. Excellent communication

Technical:

Computer literate with expertise in MS Office. Technical engineering terminology in English & Arabic languages Blue-chip Oil and Gas Companies. Business Planning Business Development Understanding of OMT of (Methanol, Ammonia, LPG, and Utilities areas. HSE Finance, budget and reporting (full P&L of the assets in question, includes the management of OPEX, CAPEX, Cashflows, EBTIDA and Net Profits). People, Culture and Technology.