Nicholas Fokart It was set New CEO From Repsol Sinopec resources United kingdomAnd the joint venture in United kingdom Between the Spanish oil company and Addax Petroleum UK, a subsidiary of China’s Sinopec.
Replaces Foukart in the position Jose Luis Munoz who has held the position since April 2020, and moved to Spain after being appointed director of mergers and acquisitions (M&A) for the group, the company said.
At the end of last July, Repsol It approved the changes in its Executive Committee to meet the new phase of the company’s growth and transformation, in line with its strategic plan 2021-2025.
Movements in Repsol
Among these changes was the appointment of Francisco Jia, until then Director of Mergers and Acquisitions as the new General Manager of Exploration and Production (Upstream). Thus, Muñoz takes over from Jia as Director of Mergers and Acquisitions.
For his part, Fokart joined Repsol Sinopec in August 2018, although he has spent practically his entire career at Repsol, most recently becoming the COO of the subsidiary.
The new head of Repsol Sinopec UK, who speaks French, English, Spanish and Dutch, noted that this was an “exciting time to be part of the energy sector” and was “excited about the opportunity to lead Repsol Sinopec through the challenges and opportunities that lie ahead”.
“Our goal is to deliver consistent results with respect to our corporate strategy, which focuses on safe and sustainable oil and gas production, efficient decommissioning and energy transition. For us, the energy transition means reducing emissions and achieving ‘net zero’, while contributing to the UK’s domestic energy supply.”
In addition, Foukart explained that Muñoz joined the company as CEO at the start of the COVID-19 pandemic and “successfully led the organization in a time of uncertainty, while laying the foundations for its strategy.”
Repsol and Sinopec have this alliance in the UK, as well as another joint venture in Brazil. This company appeared in the UK with the acquisition by “Repsol” in 2015 of the global assets of the former company Talisman Energy, including its 51% stake in the capital of the joint venture, previously called Talisman Sinopec Energy UK.
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