In addition, ADNOC awarded LUKOIL a stake in the Ghasha ultra-sour gas concession, marking the first time a Russian company has joined an ADNOC concession; partnered with OCI to form a joint venture fertiliser company, creating the world’s largest exporter of nitrogen fertiliser; and acquired a 10% stake in VTTI, the global storage terminal owner and operator.Also, the company was assigned the highest credit rating for any oil and gas company in the world by Fitch Ratings and was named the Most Valuable Brand in the Middle East by Brand Finance.
As ADNOC marked these achievements, it continued to drive its digital transformation and embed advanced technologies such as AI, big data and blockchain across its business to enhance operational efficiency, drive profitability and unlock new value from its assets and resources.Guided by its strategic pillars of People, Performance, Profitability, and Efficiency, ADNOC is creating a dynamic corporate culture that optimises resources, maximises value and incubates and develops world-class talent.
Dr Al Jaber was appointed the director general of ADNOC on 15 February 2016, 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 consolidated the various operating units under a single unified brand.
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.
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.
Dr Al Jaber has expert knowledge of the economics of energy and a career that has cut across the entire value chain, including, oil, gas, and renewable energy. Dr Al Jaber holds a PhD in business and economics from the UK, as well as an MBA in project management and a BSc in petroleum and chemical engineering from the US.
For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.