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!
Saif Humaid Al Falasi
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Saif Humaid Al Falasi

CEO, ENOC Group

The position of Saif Humaid Al Falasi, group CEO, Emirates National Oil Company (ENOC), is two places up in the 2017 ‘Power 50’ list compared to 2016. Al Falasi was appointed CEO of ENOC in March 2015. In January 2017, the board of Dragon Oil, a subsidiary of ENOC Group, appointed Al Falasi as its new CEO. During a tenure that exceeds three decades working in the industry, Al Falasi has generated and successfully executed several full field development plans for the largest oil fields in the UAE. Al Falasi joined ENOC Group in 2008 and has previously served as group general manager.

His expertise spans a wide range of specialties, including project management; petroleum asset evaluation, like reservoir development and management; development of enhanced oil recovery; drilling and completion technology; surface facilities; and production operation.

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