Dr Sultan Ahmed Al Jaber
CEO, ADNOC Group
Making his debut to the ‘Power 50’, Dr Sultan Ahmed Al Jaber, CEO, ADNOC Group, is in the third position in this year’s list. On 15 February 2016, he was appointed the director general of Abu Dhabi National Oil Company (ADNOC), and was later named the CEO of the company. After his appointment, Dr Al Jaber, launched a plan to modernise ADNOC and make its operations more profitable.
As CEO, Dr Al Jaber has overseen a revision of the company’s partnership approach, investment strategy and capital structure, and recently he consolidated the various operating units under a single unified brand. Under his leadership, ADNOC is seriously expanding its downstream business.
With a production capacity of around three million barrels per day, the ADNOC Group is one of the world’s leading oil and gas companies. The group manages 95% of the UAE’s proven oil reserves and 92% of the country’s gas reserves.
Dr Al Jaber was appointed as minister of state in March 2013 and was tasked with various strategic portfolios in economy, politics, development, media, energy, infrastructure and sustainability, in order to promote the UAE’s reputation regionally and globally. As well as his ministerial responsibilities, Dr Al Jaber supervises ADNOC’s performance development and efficiency enhancement strategies to consolidate the UAE’s place in the field of energy.
Dr Al Jaber started his career at ADNOC and then moved to Mubadala Development Company. In 2006, he was assigned to establish the Abu Dhabi Future Energy Company – Masdar – where he served as its CEO. In 2009, he headed Masdar’s participation in the UAE’s successful bid to host the headquarters of the International Renewable Energy Agency (IRENA) in Abu Dhabi.