GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

February 05, 2018 – Industry experts are optimistic that the oil and gas storage industry in some key global markets is poised for significant increase driven by strong oil demand, vibrant logistics activity in the oil and gas, and robust international and domestic trade activities. The international oil storage sector is projected to rise at a compound annual growth rate of 4.2 per cent from 2017 to 2023 as per the report of the Allied Market Research firm.

Southeast Asia is one of the leading global markets with considerable growth potential. According to the report by Aruvians Research titled ‘Analyzing the Global Oil & Gas Storage Industry,' the lack of storage infrastructure in major oil-consuming states such as China is one of the main factors behind the expanding regional oil storage industry.

Amidst the background of the booming oil storage sector in the region, Renish Group, a fast-growing company in the oil storage space, has announced the appointment of Rakesh Mehra as its new CEO for Southeast Asia. Mehra has been appointed as the Group's Director - Strategy and Planning in the UAE as well. He now leads the Group's overall growth and key operations in Southeast Asia, while concurrently spearheading the creation and implementation of its strategic business plans in the Emirates.

Mehra has built a strong track record in the field of oil and gas. He has led multidisciplinary teams and demonstrated effectiveness in managing diverse groups and strategic vision for the management of change and development within businesses.  A motivational leader who has consistently delivered exemplary results, he is known for clearly defining mission and goals; effectively aligning people and resources as needed; and efficiently supervising rapid network expansion, infrastructure development, and strategic planning programs.

Mehra, post his super-annuation from Bharat Petroleum Corporation Ltd. (BPCL), worked as strategic advisor and consultant for several companies in Mumbai, India. In his noteworthy six years stint as BPCL's Head of International Trade, he oversaw the import of nearly 28 million tons of crude oil, import-export of petroleum products, and commodity hedging.  His efficient handling of International Trade led to a significant increase in the corporation's profitability.

Hitesh Mehta, Managing Director, Renish Group, said: “Rakesh's appointment forms part of the Group's fundamental initiatives aimed at strengthening its relations with its customers and suppliers in Southeast Asia, one of our most important markets, and other parts of the world. Aside from being at the forefront of establishing robust ties with our local partners in the region, he is also going to be hands on in formulating Renish Group's strategic plans. His valuable contributions and capabilities will be instrumental in our bid to further achieve a more sustainable growth and development and deliver quality service to our international clients.”

“I embrace my new responsibilities in the organization with more enthusiasm and eagerness and even greater resolve and dedication to the Group's overall growth agenda in the midst of the ever-evolving industry. I look forward to closely collaborating with my team members to better strategize and establish new frameworks that will enable us to capitalize on opportunities and confront new challenges head-on,” Mehra commented.

Renish Group's vision is to be a diversified, transnational, integrated energy trading company, with regional leadership and strong conscience for the environment. It plays an important role in responsibly connecting products to the end users by exploring the supply chain value.

Incorporated in 2006 by Mehta, it is now a USD 600-million company with operations spread out globally. The Group runs offices in Dubai, India, and Singapore. Renish Group is adding new storage capacity tank in Hamriyah Free Zone in the UAE to meet the ever-growing demands of its customers. 



Posted by : GoDubai Editorial Team
Viewed 4606 times
Posted on : Monday, February 5, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Awareness: The key to unlocking benefits of energy efficiency
Next Story : ADNOC Distribution to open 13 new stations in the UAE and KSA in 2018
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the ...
LOOTAH Perfumes launches four new springtime fragrances for Him and Her
Amani Glam Collection
Three Trends to Try with Palladio Beauty
LOOTAH Perfumes launches fragrant oud ‘Ambwood'
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga
Lip Stick to my Heart - GOSH New Collections
bebe Launches First Ever Ramadan Capsule Collection
Carrera UAE Exhibition
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
Care for your baby's sensitive skin with Corine de Farme
Ramadan-Inspired Sandro SS18 Pieces
New Master Maserati Driving Courses for 2018
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
Toyota Rush makes a new beginning in the UAE
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Enhance your natural beauty while staying active with The Body Shop's Sportify M...
Beautiful Kaftans for Ramadan from GUESS
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Dubai Holy Quran Radio launches new special programmes for Ramadan
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
HydroPeptide Launches Solar Defense Products in UAE
Diabetes & Ramadan (DAR) Alliance and Sanofi introduce new integrated digital hu...
Make Ramadan Better With the Gift of Sharing
Marchon Eyewear New Collections
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
The Balmain de Balmain II Mini is a true win-win
Ikea Yas Island Recognised as One of the Brand's Best Stores in the World
Facebook Launches Youth Portal, a Central Place for Teens
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Celebrate The Holy Month Of Ramadan With The Night Picnic At Tub Of Butter
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
Breitling's Navitimer 8 Collection Arrives in The Middle East
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
CND™ Boho Spirit: The Collection Summer 2018 Shades
Global Rollout of LGG7 Thinq Gets Underway
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
Google launches new feature on Search to mark Ramadan
Do Explore More with Pandora
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Caudalie The Cleansing Collection
Pick what suits you from essence Spring/Summer 2018 nail polish collection