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 Faisal Al-Faqeer
4

Dr Faisal Al-Faqeer

CEO, Sadara Chemical Company

Dr Faisal Al-Faqeer, the recently appointed CEO of Sadara, makes his first appearance in the ‘Power 50’ list with the fourth position. Sadara recently announced commercial operations of the full chemical complex in Jubail Industrial City II, Saudi Arabia.

Dr Al-Faqeer subsequently resigned from Sadara’s board of directors. Dr Al-Faqeer brings with him years of experience in the oil and gas industry, having led different functions within Saudi Aramco, including engineering consulting services, research and development, and refining. Most recently, he was nominated to the Sadara board of directors as a member in January 2017 and acted as the general manager for Saudi Aramco’s Ras Tanura Refinery, the largest refinery in the Middle East.

“I am excited by this opportunity to lead Sadara as the company enters into the full operations phase,” said Dr Al-Faqeer. “The Sadara family has built a solid foundation and gained impressive momentum during its commissioning and start-up phase, and I eagerly look forward to joining the team and leading the company forward to become a global player in the chemical industry,” added Dr Al-Faqeer.

Commenting on the change to Sadara’s management, Ahmad Al-Saadi, Sadara’s chairman of the board, said, “Sadara is beginning an exciting new chapter, and Dr Al-Faqeer was appointed to help guide the company through this new reality. He is an accomplished leader with strong business insights and a passion for what we are trying to accomplish in Sadara. We are lucky to have someone of his calibre to lead Sadara as the company continues to grow and evolve.”

Dr Al-Faqeer replaces Ziad Al-Labban who joined Sadara in October 2012 and was responsible for building the company, including its physical assets, organisation, processes and procedures, and then bringing those assets on stream.

MOST POPULAR