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New Directors and New President for The Petroleum Club

The first changing of the guard of the Petroleum Club of Romania occurred on April 28th at the “Casa Petrolistului” in Bucharest, a familiar location for important oil and gas events for the past 75 years, when the members elected a new Board of Directors. Its president Andrew Costin led the election, assisted by founder James Angelus and two board members Joel Maes (Shell Romania) and Philip Stephenson (Rompetrol).

 Andrew Costin served as president for two years since the Club was first established, and continues to have Prime Minister Adrian Nastase as its honorary president. The Club is notable for its industry seminars and social events, following a 100-year old tradition that began in Texas. Explaining his decision to make way for a new president, Costin said “it is time for this young club to have someone more directly involved in the oil and gas business in the lead.”

The meeting opened with warm personal introductions by each member present, representing a wide variety of executives from the industry – upstream, midstream, downstream – and others in related fields such as insurance. A notable but welcomed exception was Valeriu Costea, Trade Development Officer for the Canadian Embassy.

 Prior to the vote the members approved two resolutions regarding the five available seats on the Board, one of which will serve as the new president who will be chosen by the directors and another will be reserved for a representative of Petrom. Mr Mihnea Spataru from Air France provided some insight into the airline’s famous “Petroleum Club” for traveling people in the oil and gas business, and proposed a close working relationship with Petroleum Club of Romania.

Of the six candidates in the running, the following four people were elected:

• Andrew Costin, Senior Associate Lawyer Haarmann Hemmelrath
• Gheorghe Tucu, Country Manager, Honeywell
• Karina Rosu, Global Accounts Executive KaRo
• Bogdan Popescu, Senior Vice President Upstream, Rompetrol

There was a general discussion about the plans for 2004, with a proposal generated by Costin Neagu, the new Events Manager for the Club to replace Luiza Stanescu who now works with Rompetrol. Some of the proposals include “Risk Management and Insurance for the Oil and Gas Industry”, “Connections and Cooperation – Pipelines, storage, and distribution”, “The Refining and Processing Industries – Can Romania be competitive again?” The final calendar for 2004 will be made by the new Board after the election of the new President in the near future.

The meeting adjourned with congratulations to the new directors, followed by the traditional cocktail party and buffet for the members.

At the first meeting of the new Board the Directors elected Mr Bogdan Popescu, Senior VP Rompetrol, as President of Petroleum Club.


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