Past ten years had been remarkable in the progress of the Middle East refining and petrochemical industry as it witnessed implementation of landmark projects, development of game-changing technologies and creation of novel products, under the leadership of dynamic technocrats.
The roadmap to success for the refining and petrochemical industry is defined by the right combination of people, projects, processes and products. The outlook for the Middle East downstream industry is strong, but the good times may not last forever and the region’s industry needs to ‘get fit’ and transform itself for the challenges of the future.
The region’s operators need to manage costs more effectively, institute world-class commercial manufacturing, supply chain and functional operations, and look seriously at the possibilities of both divestiture and consolidation. The industry’s strategic actions today will define its position in the global downstream landscape during the next decade. People, projects, processes and products are the essential ingredients in this transformation.
We have ranked this year’s list of Refining & Petrochemicals Middle East ‘Power 50’ based on the influence of the individual on the region’s refining and petrochemical industry, and how they are positioning their organisations in the global downstream landscape. For this, we have considered their endeavours during 2017-2018. The amount of business each company has done in 2018 is definitely one of the factors, but this Power 50 is more than just a rich list for the downstream industry professionals.
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 2017 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!
Please have a look at the complete list of 2018 RPME Power 50.
For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.