SNV board chair Sara Akbar has had MENA connections for decades, Greg Renwick tells CEO.ca
CALGARY, Canada (Oct. 19, 2024)—If the past is indeed prologue, Sonoro Energy has a bright future ahead.
Greg Renwick, the new Chief Executive Officer of Sonoro (TSX-V: SNV), recently joined CEO.ca’s Inside the Boardroom program to discuss our designs on the oilfields of Iraq—already familiar terrain for our leadership.
“We have a history there. It’s all about personal relationships at the end of the day. And we think that’s our competitive advantage,” he says.
Mr. Renwick, a 40-year veteran of the international energy sector, has worked in Dubai and Kuwait and is familiar with the commercial terms and technical opportunities of business development in the Middle East-North Africa (MENA) region.
And from a connections context, Sonoro’s board chairwoman, Kuwait-born Sara Akbar, has lived and worked in the region her entire life, finding particular success in Iraq.
“Our point of focus is southern Iraq, and Sara has a wonderful track record there. She has had personal relationships with key players in the government and in the industry in general there for many years. She was the co-founder and chair of Kuwait Energy, and she picked up several assets in Iraq and grew production significantly,” notes Mr. Renwick.
“So we have a good network there. We have investors interested in project financing there. We’re in touch with the national oil company preparing for either direct negotiations or bids in the coming months,” he adds.