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Saudi Aramco names two new executives

Staff writer |
Dhahran, Saudi Arabia - November 8, 2010, Dhahran, Saudi Arabia - Saudi Aramco announced the appointment of Motassim A. Al-Ma‘ashouq as vice president of new business development and Khalid H. Al-Dabbagh as treasurer.

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Mr. Al-Ma‘ashouq joined Saudi Aramco in October 1984 after graduating from the University of London with a master’s degree in economics. He spent most of his early career in Corporate Planning. Mr. Al-Ma‘ashouq worked in the Business Analysis Department from 1984 to 1996, holding several planning analyst positions. During that time, he was given development assignments at Mobil Corp. in New York in corporate planning, and Star Enterprise in Houston in product supply and trading.

In February 1996, Mr. Al-Ma‘ashouq was assigned as vice president of Corporate Planning for Petron Corp., Saudi Aramco’s affiliate in the Philippines. In 1998, he assumed the position of vice president of Marketing for Petron. In 1999, he was assigned as president and CEO of Saudi Arabian Lubricating Oil Co. in Jiddah, and in September 2000, he returned to Petron in the Philippines as president and CEO. In 2002, he was elected chairman of the Philippines Institute of Petroleum.

Mr. Al-Ma‘ashouq joined the Treasurer’s organization in September 2003 and was given an assignment with J.P. Morgan Bank in London. Beginning in May 2004, he was given a series of managerial assignments within Treasurer’s before being appointed treasurer in April 2005. He has completed the Executive Program at Stanford University and is chairman of Luberef and a board member of PetroRabigh.

Mr. Al-Dabbagh joined Samarec after earning a bachelor of science degree in 1985 in industrial engineering from the University of Toledo in the United States. After the Samarec integration in 1994, Mr. Al-Dabbagh joined Saudi Aramco as a senior planning analyst in Corporate Planning, including assignments with Saudi Petroleum Overseas Ltd. in London. From 1999 through 2001, he filled a key role as senior marketing manager for the Crude Oil Sales and Marketing Department, before acting as that department’s manager.

In August 2001, Mr. Al-Dabbagh was assigned as general manager of Saudi Petroleum Ltd., and in March 2003, he was assigned to the role of president and CEO of Saudi Petroleum International Inc. From July 2006 to January 2008, Al-Dabbagh served as director of the Joint Venture Development and Support Department, moving in 2008 to manager of Crude Oil Sales and Marketing.

During that time, he also held the position of managing director and vice president of Bolanter Corp., NV, and acted as executive director of Joint Venture Development and Coordination, as well as executive director of Marketing, Supply and Joint Venture Coordination.

In September 2008, Mr. Al-Dabbagh was assigned as manager of Corporate Planning’s Business Analysis Department, a position he held until transferring to Treasurer’s as acting executive director this February. During his Corporate Planning tenure, he also served as acting executive director of Corporate Planning.

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