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Chemoil Appoints Valenzuela to Latin America

Maritime Activity Reports, Inc.

April 20, 2010

SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI) has appointed Veronica Valenzuela as Managing Director of one of its operating subsidiaries, Chemoil Latin America Inc. Valenzuela joined Chemoil in 2009 and has more than 30 years of industry experience, including seven years as the general manager of Chevron’s operations in Panama. She holds both MBA and CPA degrees and has also served in the past as President of the American Chamber of Commerce in Panama. Valenzuela takes over this position from Andres Galavis effective immediately, following Galavis’ resignation.

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