All transactions made by Mr. Khalid Al-Hammad on behalf of GPMC after this date will not be honored by the company.

Mr. Havan Mahmoud Rasheed will assume responsibilities as Polymers Sales Manager effective 17th March 2010. Kindly address all communications  to Mr. Havan Rasheed through the following contact methods:

Email: havan@g-p-m-c.com
Tel: 0097317744882
Mobile No.: 00973 399 73037
Fax: 0097317744883

Abdullah Al Nojaidi, vice chairman of GPMC

Why was GPMC created?

This company has long been a dream in the minds of many of the senior petrochemical people in the GCC, especially in marketing and sales. Even though there were many individual petrochemical marketing and sales companies that are part of or belong to the petrochemical producers, there was no single company devoted to marketing the growing volume of petrochemical products in GCC countries, which are starting to capture a substantial share of world production and export volumes. It has been reported that 50% of planned new petrochemical capacity will be located in the Gulf area. A number of senior retired petrochemical executives saw the need for setting up such company.

What are the main challenges facing the company?

Even though all the 14 shareholders have impressive track records and experience in the industry, the company is still new and has not yet established a track record. This makes newer and younger management in some of the regional companies reluctant to give substantial volume of work to GPMC. We believe that the main challenges facing GPMC are sourcing products from different GCC petrochemical producers and finding the funds to finance the working capital of such an operation. I am confident that this will ease with time.

What are your main achievements?

GPMC was established one year ago and we have gained acceptance in a number of petrochemical companies, even ones that have their own marketing and sales organisation. GPMC was able to source a number of products from established petrochemical producers in Saudi Arabia, Kuwait and Qatar. Our first shipment was despatched to North Africa where GPMC has already set up a wholly-owned affiliate in Casablanca, Morocco.

GPMC plans to move plastics and fertiliser products to North and West Africa, South America and the Middle East. GPMC is also promoting investment projects in petrochemicals and participating in these projects.

Also, as part of its charter, GPMC is looking into petrochemicals logistics and advisory services.

How can GPMC help companies with logistics?

One of the purposes of setting up GPMC is to provide logistic services through strategic alliances with a number of well recognised international logistics companies. We also provide advisory and consultation in logistics, since a number of the company’s shareholders have managed a number of logistics organisations where they acquired excellent experience in the domain of logistics, transportation and warehousing, and contract termination.

Why have you chosen Bahrain as your headquarters?

GPMC has chosen Bahrain as it headquarters for a number of reasons. The first one is the ease of setting up companies and Bahrain is a suitable hub for all shareholders, producers and customers of GPMC. Bahrain is an important financial centre in the Gulf and has expertise and a capable workforce.

How’s GPMC dealing with the downturn?

In a downturn, companies look for the support of their customers and we believe that GPMC has come on the scene at the right time; we see that from the positive response that GPMC is receiving from petrochemical producers. GPMC compliments the existing setups of GCC petrochemical producers and it does not compete or conflict with their existing marketing and sales organisations.

Read this interview at Arabian Oil and Gas Magazine.

Manama, Kingdom of Bahrain-March 9, 2009

A Memorandum of Understanding (MOU) was signed today between Global Petrochemical Marketing Company (GPMC) and each of Saudi Aramco and Rabigh Conversion Industry Management Services Company (owned by Sumitomo Chemicals Co.)

The company GPMC is to construct and operate a facility to produce 175,000 metric ton/year of different thermoplastic compounds.
The MOU was signed by GPMC Chairman and Managing Director, Dr. Mohamed Al-Terkait, and Vice Chairman, Eng.Abdullah S Al Nojaidi, Eng. Ahmed S Bashaweih, Sr. Project Manager of Rabigh Conversion Industrial Park and Mr. Kiyoshi Sawai, General Manager of Sumitomo Chemical.

The signing ceremony was attended by GPMC board members, Company seniors and Mr. Khalid Al Alagil, Director Joint Venture Development Department of Saudi Aramco, representatives from Saudi Aramco, Sumitomo Chemical Co. and PetroRabigh Co.
The initial estimate of investment for the project is around $100 Million.

The GPMC website features our latest news, company brief, services, and profiles of members in our management. You can also find out how to get in touch with us on our contact page.

We appreciate your comments, feedback, and suggestions.

Nasser AlSayyari

Education:

• B.Sc. in Chemical Engineering, University of Colorado, USA
• M.Sc. in Chemical Engineering, San Jose State University, USA

Profile:

He has nearly 32 years experience as a senior director in prominent petrochemical companies in Saudi Arabia..

Career History:

He started his career with SABIC in 1976. After that he held the following senior positions:

• Director General for Planning and Studies, SABIC
• Director Projects Evaluation, SABIC
• Executive Vice President, Saudi Yanbu Petrochemical Co. (YANPET)
• Vice President Marketing (Fertilizers) , SBU
• Chairman, National Methanol Co. (Ibn Sina)
• Chairman, Jubail Petrochemical Co. (KEMYA)
• Managing Director, Gulf Petrochemical Industries Co. (GPIC), Bahrain
• Chairman, SADAF
• Chairman, SHARQ
• Board Member, Royal Commission for Jubail and Yanbu
• Board Member, Saudi Fertilizer Co. (SAFCO)

Sulaiman Alterkait

Education:

M.Sc. in Business Administration from Geneva, Switzerland

Career History:

He is a pioneer of Kuwait petrochemical industry. He joined Petrochemical Industries Co. (PIC) in 1964 where he held the following key positions:

• Assistant Managing Director, PIC
• Board Member, PIC
• General Manager, Fertilizer Division, PIC
• General Manager, Salt and Chlorine Division, PIC
• Vice Chairman, Sino-Arab Chemical Fertilizers Co. (SACF), China
• General Manager, Mishref Co-operative Society

Mohammad AlHasawi

Education:

Bachelor of Science in Mechanical Engineering (University of Colorado, Boulder, USA)-1976

Present Job Title:

Managing Director and CEO, CDI Gulf International ( JV with CDI of USA )

Profile:

Mohammad Yousef Al-Hasawi has over 30 years experience in Petrochemical plants maintenance, Engineering, Procurement and Construction. He has been the Deputy Managing Director-Projects for Petrochemical Industry Company (PIC), managing projects exceeding a value of US. $ 5 billions.

Career History:

His professional career started with petrochemical industries company after graduating as maintenance engineer, then moved up the technical, commercial & managerial ranks to become the executive vice president commercial of  Equate petrochemical company for 6 years then deputy managing director of projects, petrochemical industries company from 2001 till his retirement in 2007.

During his career he was extensively involved in Joint Venture arrangements. He has been a key member for defining the objectives and criteria for selection of the Joint Venture partners during his assignments.

He has been a Board member & chairman of a number of companies including Equate Petrochemical Company, Kuwait Olefins Company and Equipolymers B.V. (Holland, Zurich, Italy) & Equate Marketing Company.

Now he is a board chairman of CGI ( CDI Gulf International ) , a board member of Emtiaz Engineering & Energy , and a board member of Kuwait Foreign Exploration Company ( KUFPEC ).