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Tue 8 May 2012, 08:08 GMT

Gulf Petrochem appoints senior trader


Experienced trader joins Gulf Petrochem's Dubai office.

Gulf Petrochem Group has appointed Sagar Vaghani as senior trader at its Dubai office.

Bringing over 10 years of professional experience in the UK, Middle East and Africa, Vaghani will be responsible for initiating trade for middle distillates, reinforcing the company’s expansion initiatives in key markets across the globe.

Sanjeev Sisaudia, Group CEO, Gulf Petrochem Group, said: "Initiating middle distillates trading will help sustain the gains we have achieved in the Middle East and give us greater leverage to further strengthen our presence globally. We ensure our commitment to product and service excellence as we continue to employ experienced industry professionals."

Gulf Petrochem further revealed that it is exhibiting at the Middle East Petroleum & Gas Conference (MPGC) 2012, the longest running annual oil conference in the Middle East, currently being held in Bahrain. At MPGC 2012, Gulf Petrochem will showcase its complete product range covering fuel oil, bitumen, base oil, gas oil and naphtha, and will also discuss growth plans and share exclusive insights about the company’s new facilities in strategic locations around the world.

“Middle East Petroleum & Gas Conference 2012 serves as an excellent platform to explore new business leads and to network with potential clients and business partners across the region. In line with our regional and global expansion plans, Gulf Petrochem will continue to acquire the best talent and take advantage of networking opportunities that complement our long-term growth strategy,” added Sisaudia.

Commenting on his appointment, Sagar Vaghani said, "Gulf Petrochem is on an excellent growth trajectory, which is why I have decided to join here in this fast growing region. I am very happy about this new challenge and look forward to work with Prerit Goel, who successfully heads supply and trading for the group."

Vaghani has extensive experience in participating in and winning tenders, cross-barrel trading, hedging, negotiating and executing physical crude and refined products deals, market analysis and business development. He has worked as a senior trader in key markets across the Middle East, Africa, East Asia and Far East Asia, and has also served as an industry analyst based in London.

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