Madagascar Oil, the developer of the Tsimiroro oil field, announces the appointment of Kemrajsing Sewnundun, as Commercial Director, with immediate effect. 

Kemrajsing has over 23 years' experience in the regional energy and financial services industries, having previously been at BDO Management Advisory Services, Galana Distribution, GPM (Groupement Des Petroliers De Madagascar) and De Chazal Du Mee. 

Previous responsibilities included accounting, business and advisory services, negotiating with the authorities, providing audits and consulting services for mining and energy companies and managing a team of over 250 people, across eight regional offices. 

Al Njoo, Chairman of Madagascar Oil, commented:
"We are delighted that Kemrajsing has agreed to join the team. He brings with him experience and expertise that will be invaluable to Madagascar Oil as it continues the sustainable development of the world class Tsimiroro Field, with its low sulphur oil reserve that meets the needs of the shipping industry as it looks to comply with IMO2020 regulations."

Kemrajsing Sewnundun, added:
"I'm excited to take on this challenge, Madagascar Oil will transform the country into an oil exporter, accelerating its economic development. With one of the world's biggest low sulphur oil reserves we are a low cost producer for IMO2020 compliant low sulphur fuel oil (LSFO) supplying global shipping, significantly reducing sulphur and NOX pollution. Global shipping consumes 5% of oil production, but generates 40% of sulphur pollution. There is a severe global shortage for LSFO, with current prices at $60-70/barrel, underpinning the high value of our development."

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