Tarek Obaid is the co-founder & Chief Executive Officer of PetroSaudi International. With a team of highly experienced leaders from the international oil and gas industry, alternative energy, mining, infrastructure, building materials and general industrial sectors, PSI has developed significant experience in exploration, development, and related oilfield operations. Responsible for the Group’s overall management, strategy and high-level political relationships, Tarek has been instrumental in securing important investment opportunities for the Group as well as attracting senior management to PetroSaudi.
Tarek Obaid is also a founder of the New College of the Humanities, London, and has invested in a variety of businesses including financial services, technology, education and real estate. In addition to the companies he founded, he sits on the boards of Global Environmental Management Services Saudi Arabia and Bellevue Education.
Tarek Obaid’s charitable involvements include a center for reconstructive transplant surgery at The Mayo Clinic, a nonprofit medical practice and medical research group based in Rochester Minnesota.
The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…
During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….
Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…
