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Special Report: Oil & Gas Middle East Power 40 1-10

by Arabian Oil & Gas Staff on Apr 15, 2018



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01. Dr Sultan Ahmed Al Jaber
Group CEO, ADNOC

The Abu Dhabi National Oil Company may not quite be the biggest state-owned oil producer in the Arabian Gulf (eyes right for that answer) but it is an undoubted big beast of the global industry.

Dr Sultan Ahmed Al Jaber, the firm’s tirelessly active Group CEO and the UAE Minister of State, deservedly retains his place at the head of our elite list. It seems barely a day goes by when Al Jaber isn’t photographed at the firm’s HQ in the UAE capital shaking yet another hand to conclude yet another big ticket deal.

Recently, Al Jaber has been busy leading the sale of stakes in ADNOC’s offshore oil concessions. Major players have been jostling for a piece of the action with China’s CNPC and Italy’s Eni (you’ll be seeing both of those names again before long) the latest to see the ink dry on deals.

ADNOC’s 2030 strategy emphasises the need to “maximise value from every barrel” and there is no doubting Al Jaber’s pursuit of this goal. 2017 has seen the firm float 10% of its service station arm ADNOC Distribution, while its subsidiary the Abu Dhabi Crude Oil Pipeline successfully issued a $3bn bond as Al Jaber seeks to proactively manage the firm’s assets and capital growth.

Another vital step forward for ADNOC has been the awarding of the front end engineering and design contracts for its offshore Hail, Ghasha and Dalma fields as it seeks to tap more sour gas – another key component of the firm’s strategy.

One of Al Jaber’s great strengths is his ability to position the firm ahead of the curve. Early in 2018 he visited China and Japan eyeing the huge growth in demand for petrochemicals expected in coming decades from Asia.


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