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Wrong Tarek Obaid?

Mr. Tarek Essam Obaid

Chief Executive Officer

PetroSaudi International Ltd

HQ Phone: +44 20 7514 0100

Email: t***@***.com

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PetroSaudi International Ltd

1 Curzon Street

London, London W1J 5HB

United Kingdom

Company Description

PetroSaudi was founded in 2005 by Tarek Essam Ahmad Obaid and private investors. The company has brought together a core team of highly regarded and experienced leaders from the international oil and gas industry, alternative energy, mining, infrastructur ... more

Find other employees at this company (95)

Background Information


Board Member
Sarawak Report

PetroSaudi Co-Founder

C&O Partners


Foreign Service


International Relations

Georgetown University's School of Foreign Service

Web References (136 Total References)

Justo's connection to PetroSaudi ... [cached]

Justo's connection to PetroSaudi was his long friendship with one of the company's two founders, a Saudi national named Tarek Obaid. The two men had met back in the late 1990s, when they both partied regularly in the nightclubs of Geneva.

Justo regarded Obaid as a "younger brother", and in 2008, lent him $30,000 and a desk in the Fininfor offices to help start up PetroSaudi.
Obaid and Justo were an unlikely pair, brought together by a love of the high life.
Obaid is a graduate of Georgetown University's prestigious School of Foreign Service. His brother, Nawaf, served as a special adviser to the Saudi ambassador to the UK. Obaid's PetroSaudi co-founder, Prince Turki bin Abdullah, is the seventh son of the late King Abdullah bin Abdulaziz, who ruled Saudi Arabia from 2005 until his death in 2015.
Aboard a 92m megayacht off the coast of Monaco, Obaid and Prince Turki spent the day with Najib, his adviser Jho Low, and other members of the prime minister's family.
What resulted was a decision for Low and Obaid to work together on a deal that would allow them both to control mind-boggling sums of money.
Shortly after the yacht meeting, on 28 August 2009, Obaid had introduced Low to Patrick Mahony - the company director who handled PetroSaudi's business affairs.
According to documents seen by the Guardian, the Good Star transaction made Obaid, then 32, and Mahony, then 33, very rich men.
Records indicate that on 30 September 2009, Good Star agreed to pay $85m to Obaid, which the Seychelles company described as a fee for "brokering services". The money was deposited into Obaid's Swiss JP Morgan account.
On 20 October, Obaid emailed his contact at JP Morgan to request that $33m be transferred into an account belonging to Mahony.
In response to questions from the Guardian, PetroSaudi said the payment to Obaid was not a brokerage fee and that the transfer of $33m to Mahony had nothing to do with the PetroSaudi-1MDB joint venture.
The couple were sunning themselves on Thailand's Andaman coast in December 2009 when Obaid rang Justo offering him a director's position in London with PetroSaudi.
According to Justo, Obaid promised him a salary of £400,000, "millions in bonuses" and the perk of a £10,000-a-week flat in Mayfair, central London.
Of these new payments, US officials allege, $330m was paid into the Swiss account they say was controlled by Low, on the basis of a request by Obaid - who is identified in the US legal complaint as "PetroSaudi CEO".
Emails and bank records seen by the Guardian suggest that in the nine months from September 2010, Obaid transferred $77m from his Swiss JP Morgan account to his PetroSaudi co-founder, Prince Turki bin Abdullah.
Justo told friends that Obaid had become "arrogant" after striking it rich.
In the angry email exchanges that followed, Obaid called Justo "arrogant" and a "smart ass".
It was Obaid, who apparently told Mahony to settle on 5m Swiss francs (£3.85m).

Sarawak Report [cached]

Photographed at the centre of all this Turkey-shocking 'debauchery' was Najib's joint venture business partner, Tarek Obaid of PetroSaudi....

Breaking News | - Part 2 [cached]

PetroSaudi was founded in 2005 by CEO Tarek Obaid and other private investors. The company has brought together a team of [...]

Middle East Online News | [cached]

Tarek Obaid - Petrosaudi CEO (Tarek Obaid) to Donate $10 Million to Mayo Clinic

Tarek Obaid - Petrosaudi CEO (Tarek Obaid) to Donate $10 Million to Mayo Clinic
In the spirit of typical Arab philanthropy, Mr. Tarek Obaid, the current CEO and... PetroSaudi
PetroSaudi - Venezuelan Oil Exploration and PetroSaudi International
Tarek Obaid Petrosaudi

PetroSaudi - Venezuelan Oil Exploration & PetroSaudi | [cached]

Tarek Obaid Petrosaudi

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