Mossavar-Rahmani Takes A Seat On RAK Board

RAK Petroleum announced the appointment of Bijan Mossavar-Rahmani to its Board of Directors and to a newly formed position as Chairman of the Executive Committee and Managing Director, effective immediately.

Mr. Mossavar-Rahmani is an experienced oil industry executive and currently serves as Chairman of the Board of Directors of Foxtrot International, LDC, a Franco-American oil and gas company active in West Africa and as CEO of Mondoil Enterprises, LLC, an energy holding company, in the United States. He was founder and first chief executive of Houston-based Apache International, Inc.

"We are pleased to welcome Bijan to RAK Petroleum and look forward to working together to take the company to the next level as a significant and successful regional oil and gas exploration and production player," said Abdul Aziz Al Ghurair, Chairman of RAK Petroleum's Board of Directors. Mr. Al Ghurair is also Director and CEO of Mashreq PSC and Speaker of the House of the 14th Legislative Chapter of the Federal National Council in the United Arab Emirates.