RPME Power 50 2017

RPME Power 50 2017

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!
Dr Sultan Ahmed Al Jaber
3

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.

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