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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
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Cover Story |
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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 |
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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 |
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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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Regulars |
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