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7 November 2002
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PERSONALITY

 


A man for all seasons
HE Nasser Khamis Al Jashmi, Undersecretary of the Ministry of Oil and Gas is a man whose world view has been shaped by myriad influences, writes Mayank Singh

According to the latest figures from the Ministry of National Economy, oil and condensate production in the Sultanate rose to 112.28 mn barrels at the end of May 2008 from 107.66 mn barrels at the end of 2007, a rise of 4.3 per cent. The production of oil in the Sultanate has been declining since 2000-01 and the ministry of oil and gas (MOG) has been making efforts to stem the tide. If recent figures are any indication then the efforts of the ministry seem to be paying off in a big way.

The number of companies operating in the oil and gas sector has risen from 10 to over 35 between 2004 to 2008. This is the result of the MOG’s efforts to attract investments in the oil and gas sector. The MOG has been working on a major revamp of its organisational structure. The effort is to identify people for suitable roles, chalk out their training needs and to take them through the process so that they can fulfill their potential.

A common strand running across these initiatives is H E Nasser Khamis Al-Jashmi, Undersecretary, Ministry of Oil and Gas. Appointed by a Royal Decree on February 1, 2003 he has played an important role in the efficiencies that have been brought about in the oil and gas sector in the last four years. Says Jashmi, “I came in during a period when the sector was going through a lot of challenges, but since His Majesty had reposed his faith and trust in me, I was keen to prove myself worthy of this responsibility.” The foremost challenge facing the oil and gas sector was to arrest the decline in oil production. With most oil fields reaching maturity the old ways of drilling oil were no longer effective predicating the need to move to newer techniques. The MOG in association with the Petroleum Development Oman (PDO) decided to move from primary production techniques to secondary ones. Enhanced Oil Recovery (EOR) methods were applied at the Harweel, Qarn Alam and Marmul oil fields. Companies were pushed to optimise production. “Production stabilised last year and we hope to make some improvements this year,” avers Jashmi.

Been there done that
Having cut his teeth in the government at the ministry of finance (MOF) Jashmi is no stranger to challenges. In 1998 when oil prices hit an all time low of $11.91 per barrel (adjusting for inflation this was lower than the price of oil in 1946), he was the director general (DG) for budget at the MOF. “I had to submit a budget which was sustainable in trying circumstances and learnt a lot from that experience.” Starting his career as a finance researcher at the office of the deputy prime minister for finance and economic affairs in 1989, Jashmi soon rose through the ranks to become a DG in 1997. It was at the MOF that he had his first brush with the oil and gas sector as he became a board member of Oman LNG and the deputy chairman of Oman Refinery Company. “The MOF is a learning hub as every project in the Sultanate whether it pertains to education, health or infrastructure needs finance. So just by being at the finance ministry one gets a fair view of what is happening all around.”

Jashmi’s appointment to the MOF was a straight fit with his educational background. In 1985 he won a scholarship from the government to pursue a four year bachelor’s degree in economics and political science at the Jordan University. In 1991 he was chosen to be a part of a World Bank Development Programme in which 20 officials from various ministries were sent to the US for higher studies. As a part of the programme he got a masters degree in applied economics from the American University in Washington DC, he also went on to do a higher diploma in development management. Says Jashmi, “Apart from the knowledge gained from learning, I learnt a lot by living in two countries with contrasting cultures.” Having gone out of Oman at a young age of 17 years, he found himself being shifted from a protected environment to the rough and tumble of managing things on his own. The process of going through ordinary chores like acquiring a license or getting insurance gave him a new perspective making him a more disciplined person. These experiences have shaped his world view.

A firm believer that an organisations goals can only be achieved by team effort and not by individual brilliance he says, “A good leader should create a team of leaders.” In line with this philosophy, he believes in delegating authority with accountability. “It stems from ones personality whether one wants to get into the details or reposes ones trust in other people.”

A family man
At home though he has to change his hands-off approach to a more hands-on role. As a father he is ends up taking his family out on weekends, buying things for his children and planning vacations. In Oman, Salalah remains a favourite family getaway, largely because of the relief that it provides from Muscat’s summer. Having been to Australia lately, he has come back with fond memories about the country and its people. Switzerland though remains an all time favourite. Ask him about what he likes about the destination and pat comes the reply, “Everything.”

Apart from travelling he enjoys reading books related to history, religion and politics. Self- esteem (books that help to develop oneself) is another genre that he likes to get into. Having studied in the US he has developed a taste for Hollywood movies. Jashmi counts Gladiator and Braveheart to be amongst movies that he has enjoyed in the last few years. The larger than life canvas and historical plot of these movies seem to have struck a chord with him. Coming to music he is not too choosy and is game to listen to Arabic and English music.

Looking back on the influences that have shaped him he fondly remembers his father Khamis Ali Al Jashmi. “He taught us how to respect others, honesty and the right value systems.” A person who got educated at a time when not many people went to school or college Khamis went on to travel to Saudi Arabia, Kuwait, Bahrain and East Africa in the course of his work. A well read and well travelled man he groomed his children with all his experience. And Jashmi has gone on to become a worthy son of a worthy father.


 

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September - 2008

Cover Story

OMAN BECKONS
Robust economic growth and diversification, has made Oman a destination of choice for a growing number of CEO’s and senior executives from developed countries. Visvas Paul D Karra reports

Other Headlines
ON A GROWTH TRAJECTORY
HE Anil Wadhwa, Ambassador of India, Sultanate of Oman speaks to OER’s Mayank Singh about growing trade relations between India and Oman, emerging economic opportunities and the obstacles holding back trade
OPENING NEW VISTAS
Having carved a niche for itself with its ERP solutions, Towell-take solutions is looking at strengthening its market position with its latest offering TIMICSnXg writes Mayank Singh
A man for all seasons
HE Nasser Khamis Al Jashmi, Undersecretary of the Ministry of Oil and Gas is a man whose world view has been shaped by myriad influences, writes Mayank Singh
Should banks be allowed to take holidays for more than two days in a row?
Starting this month Oman Economic Review is introducing a new column called ‘Debate’. In July, there were two extended weekends with most establishments remaining closed for nearly three days. We ask Raghavan K Murti and Krishna K Gupta for their opinion
Union legislation: Positive Pressure
The government’s decision allowing the formation of labour unions strikes the perfect balance between protection of workers rights and safeguarding the interest of employers writes Visvas Paul D Karra
Nice Guy Syndrome
Leading entails a lot of balancing. one should strike a balance between being a dictator and a doormat
Entrepreneur Par Excellence
As a tribute to Sheikh Saud Salim Abdullah Bahwan Al Mukhaini, the visionary and philanthropist who passed away on August 20, 2008, we reprint an artcle from OMAN 2006 our annual publication in which he talks about his life and vision
A bright future
A well planned approach towards our finances can make our children’s journey to adulthood that much easier and better. Mayank Singh reports
Global Talent ADVANTAGE
Recruiting and retaining talent have always been a struggle for global companies. Today, the challenges are larger than ever. With demand rising and supply dwindling, companies are finding that the talent issue, especially in rapidly developing economies (RDEs), is one of their most critical challenges. By Daniel Friedman, Jim Hemerling and Jacqueline Chapman
FIRED UP
Enterprises, like human beings, have their own metabolic phases: Growth, sickness, recovery and decay. Majan Glass – the one and only glass manufacturer in the Sultanate of Oman – was no exception. Ramesh Kumar and Fatma al Arimi report
Life in positive mode
Nilesh Samani loves everything around him, including his family, friends and his work, writes Visvas Paul D Karra
Upwardly Mobile
I forgot my mobile yesterday morning. It brought home to me something I already knew: I’m lost without it. It’s no wonder then that smart marketers are targeting us through our phones, writes Jon Burke

THE BULLISH CASE FOR THE US DOLLAR
The rally of the dollar is having aN impact on the macroeconomic indicators of countries from Europe to the Indian subcontinent. It also puts a spanner in the works for oil prices and the northward movement of goods

Investing in one’s future
The growing demand for new skills sets is proving to be a big business opportunity for vocational training institutes, writes Mayank Singh
Oil and a falling dollar?
Over the past few weeks, the dollar has been rising just as the price of oil has fallen, setting off much speculation about the implications of both in these interesting economic times. The phenomena are interlinked to an extent, and both have some ramifications for Oman
GCC explores novel solutions to food crisis
As the import food bill of GCC nations climbs rapidly a number of countries in the region have started exploring a variety of options to ensure food safety of their populations in future
KING OF THE FLEET
It seems that Nissan has been listening to its customers and decided to make sure that the new Armada wins hearts. writes Malcolm Xavier CRASTA
Building a portfolio
An early start combined with a planned approach to ones finances goes a long way in securing the future of ones kids
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