UAE oil minister to join Cosmo Oil board in June

摘要

Tokyo-UAE oil minister Mohammed Bin Dhaen al-Hamli is expected to join the board of directors of Japanese refiner Cosmo Oil in late June, a senior Cosmo Oil official said May 11. Hamli is expected to join the board June 23 following approval from Cosmo's shareholders and a subsequent board meeting, the official said. The high-profile appointment is expected to increase the influence of Abu Dhabi on Cosmo Oil. Abu Dhabi is currently Cosmo Oil's largest shareholder through a 20.8% stake held by state-owned International Petroleum Investment Company, of which the minister is vice chairman.