Welcome to the 2017 Refining & Petrochemicals Middle East 'Power 50' listing.
The downstream industry in the Middle East is currently at the forefront of economic transformation, job creation and development, serving as a key enabler for the region’s economic growth. The recent downstream focus of major operators in the region like Saudi Aramco, ADNOC and ENOC is considered to be a trend-setter of the future of the industry.
As many ‘transformational’ new, highly complex projects come on stream in 2017-2018, growth is set to continue at a faster pace for the region’s downstream sector. And this pace is set by the leaders who steer the refining and petrochemical facilities in the region.
The technology and service providers also influence the momentum of growth in the sector because the Middle East is home to some of the world’s largest and most ambitious downstream projects, the development of which would not have been possible without the state-of-the-art technologies and quality services available in region.
We have ranked this year’s list of Power 50 primarily based on the influence of the individual on the region’s industry. For this, we have considered their endeavours during 2016-2017. The amount of business each company has done in 2017 is also obviously a key factor, but this Power 50 is more than just a rich list for the downstream industry. We have acknowledged new projects, innovations, and approach to sustainability and corporate social responsibility in determining the entries as well as the ranking. As you can see from the following pages, there are a number of new entries to the list, while some individuals from the 2016 list have moved out. The rankings also have changed notably.
Congratulations to all the individuals who have been portrayed in this year’s Power 50!