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Oil & Gas Middle East Power 50 2020

The past year has been truly historic for the Middle East oil and gas sector. Saudi Aramco listed shares on Tadawul for $25.6bn, ADNOC made a series of partnerships and is preparing for its second international bidding round, and the industry proved its resilience against multiple attacks on oil infrastructure. Despite volatility in the past year, megaprojects are back on the menu, with contracts worth billions doled out by the region’s major oil and gas companies.

But it would be naïve to ignore the impact of volatility on the market—production out of Libya, Iraq, and Iran have been deeply impacted by their respective crises. While missile strikes on Saudi Aramco’s infrastructure did not impact supply, thanks to the company’s quick reaction time, it added a risk premium to the oil price. The oil price has continued to fluctuate despite OPEC’s efforts to maintain stability with deeper production cuts, and US production is hitting all-time highs, with no signs of slowing down; the US Energy Information Administration forecasts US production at 13.3mn barrels per day in 2020. Climate change activism and sustainability concerns have swelled with renewed force, with speakers like 17-year-old Greta Thunberg rallying people across the globe.

As oil and gas executives juggle sustainability, optimising production, and their bottom line amid lower oil prices, the changes in the industry have never been clearer. These wider market shifts, as well as changing involvement from international oil companies, have resulted in a shuffle among our list members, although familiar names remain among the top ranks of our list, occupied by members of the industry’s upper echelons.

Flip through the following pages for a snapshot of 2019, and to see the superheroes who continue to push the industry forward and demand more even as the energy landscape shifts around them—there is surely more in store for 2020.

In formulating this ranking, Oil & Gas Middle East’s editorial team scanned each list member’s major achievements, press releases, news announcements, and financial results. The list only takes into account information that is publically available.

1 - 10

Amin Nasser
1

Amin Nasser

CEO - Saudi Aramco
Sultan Al Jaber
2

Sultan Al Jaber

CEO - ADNOC Group
Bob Dudley
3

Bob Dudley

Group CEO - BP
Claudio Descalzi
4

Claudio Descalzi

CEO - ENI
Patrick Pouyanné
5

Patrick Pouyanné

Chairman and CEO - Total
Raoul Restucci
6

Raoul Restucci

Managing Director - PDO
Khaldoon Al Mubarak
7

Khaldoon Al Mubarak

CEO - Mubadala Investment Company
Hashem Sayed Hashem
8

Hashem Sayed Hashem

CEO - Kuwait Petroleum Company
Ben Van Beurden
9

Ben Van Beurden

CEO - Shell
Darren Woods
10

Darren Woods

CEO - ExxonMobil

11 - 20

Pete Bartlett
11

Pete Bartlett

Chief Executive - BAPCO
Osama El Bakly
12

Osama El Bakly

Chairman - EGAS
Mohammed Barkindo
13

Mohammed Barkindo

Secretary-General - OPEC
Vicki Hollub
14

Vicki Hollub

CEO - Occidental Petroleum
Masoud Karbasian
15

Masoud Karbasian

MD - NIOC
Toufic Hakkar
16

Toufic Hakkar

CEO - Sonatrach
Wang Yilin
17

Wang Yilin

Chairman - CNPC
Saif Humaid Al Falasi
18

Saif Humaid Al Falasi

CEO - ENOC
Mario Mehren
19

Mario Mehren

CEO - Wintershall DEA
Patrick Allman-Ward
20

Patrick Allman-Ward

CEO - Dana Gas

21 - 30

Vagit Alekperov
21

Vagit Alekperov

CEO - Lukoil
Abed Ezz El-Regal
22

Abed Ezz El-Regal

CEO - EGPC
Rainer Seele
23

Rainer Seele

CEO - OMV
Shashi Shankar
24

Shashi Shankar

Chairman - ONGC
Takayuki Ueda
25

Takayuki Ueda

CEO - Inpex
Saeed Al-Hajeri
26

Saeed Al-Hajeri

Chairman - TAQA
Mustafa Sanalla
27

Mustafa Sanalla

Chairman - NOC Libya
Igor Sechin
28

Igor Sechin

CEO - Rosneft
Isam Al Zadjali
29

Isam Al Zadjali

CEO - Oman Oil Company
Ihsan Abdul Jabbar Ismail
30

Ihsan Abdul Jabbar Ismail

Director-General - Basrah Oil Company

31 - 40

Majid Jafar
31

Majid Jafar

CEO - Crescent Petroleum
Ahmed Ali Al Sayegh
32

Ahmed Ali Al Sayegh

MD - Dolphin Energy
Hassan Torbati
33

Hassan Torbati

MD - NIGC
Hatem El Mosa
34

Hatem El Mosa

CEO - Sharjah National Oil Company
Ahmed Ali Attiga
35

Ahmed Ali Attiga

CEO - APICORP
Alexey Miller
36

Alexey Miller

CEO - Gazprom
Mohammad Iravani
37

Mohammad Iravani

Chairman and CEO - Dana Energy
Ali Al Jarwan
38

Ali Al Jarwan

CEO - Dragon Oil
Wan Zulkiflee
39

Wan Zulkiflee

CEO - Petronas
Walid Nasr
40

Walid Nasr

Chairman - LPA

41 - 50

Bijan Mossavar Rahmani
41

Bijan Mossavar Rahmani

Chairman - RAK Petroleum
Frederic Chemin
42

Frederic Chemin

GM - Dubai Petroleum
Bjorn Dale
43

Bjorn Dale

Managing Director - DNO
Ye Jianming
44

Ye Jianming

Chairman - CEFC China Energy
Eldar Saetre
45

Eldar Saetre

CEO - Equinor
Su Yeong Yang
46

Su Yeong Yang

CEO - Korea National Oil Company
Francois Perrodo
47

Francois Perrodo

Chairman - Perenco
Josu Jon Imaz San Miguel
48

Josu Jon Imaz San Miguel

CEO - Repsol
Yongsoo Huh
49

Yongsoo Huh

CEO - GS Energy
Masahiro Okafuji
50

Masahiro Okafuji

Chairman and CEO - Itochu