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Zenith Energy appoints Senior Executives to support growth plans

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Hydrocarbon Engineering,

Zenith Energy, an international liquids and bulk terminalling company, announced that it has appointed two Senior Executives, Carlos Ruiz as Chief Financial Officer, and John Jessup as Director of Corporate Development, to support the company's growth plans.

Jeffrey R. Armstrong, Chief Executive Officer of Zenith, commented, "We are pleased to welcome Carlos and John to the Zenith team. Their deep knowledge of the energy industry and significant experience will be great assets as we continue to grow Zenith into a leading international terminalling company."

Ruiz has more than 13 years of energy industry investment banking experience, most recently serving as a Managing Director in the Natural Resources Group of Barclays Capital. He received a Bachelor of Arts from McGill University and an MBA from the Darden School of Business at the University of Virginia. Ruiz will report to Armstrong.

Jessup most recently served as a Vice President at Riverstone Holdings. Jessup's professional experience also includes work in Goldman Sachs' Investment Banking Division and Principal Investment Area. He received a Bachelor of Arts, Major in Economics, Minors in Political Science and American History fromMiddlebury College, and an MBA from The Wharton School, University of Pennsylvania. Jessup will report to Zenith's Chief Commercial Officer, Jay Reynolds.

Zenith is pursuing opportunities to buy, build and operate petroleum liquids and petrochemical terminals and related logistics including distribution assets that support terminals, such as pipelines, truck racks and barges, primarily in Latin America, Europe and Africa.

In June 2014, the company and Grupo Coremar announced the award of a contract for the construction on the first phase of a new, multi product liquids terminal in Palermo, Colombia. Last August, Warburg Pincus, a leading global private equity firm focused on growth investing, led a line of equity commitment in Zenith of up to US$600 million. In February of this year, Zenith announced the acquisition of the Bantry Bay Oil Terminal in West Cork, Ireland from Phillips 66.

Adapted from press release by Rosalie Starling

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