Indian PM Narendra Modi gives ADNOC CEO the "International Lifetime Achievement Award" at Petrotech 2019
ADNOC Group CEO Dr. Sultan Ahmed Al Jaber received the award due to his 'contribution to global and regional energy security, building bridges to the emerging economies of Asia and reshaping traditional business models to adapt to a fast-evolving energy landscape'
Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) received the “International Lifetime Achievement Award” for his contribution to the global energy industry. The award was presented to him by Narendra Modi, prime minister of India, at the Petrotech energy conference being held in New Delhi.
The award recognises Al Jaber’s contribution to defining how a national oil company of the future should operate, and for strengthening ADNOC’s strategic links with key growth markets, in particular, India. The award noted the transformation underway at ADNOC, which the company says is centered on driving efficiencies and commerciality, embedding a performance-based culture, maximising value, strengthening strategic partnerships and incorporating the latest breakthrough technologies to cater to the increasing energy needs of fast-growing economies. The award also recognises ADNOC’s adoption of a holistic, integrated approach to managing a large complex energy enterprise that can respond nimbly to the fast-evolving energy landscape.
"I would like to congratulate His Excellency Dr. Sultan Ahmed Al Jaber for his contribution to the energy sector and his vision for the future," Prime Minister Modi said.
“I am honored and humbled to accept an award that recognises ADNOC’s evolution, under the wise guidance of the UAE’s leadership, as an oil and gas company of the future that is responding to the expanding energy needs of the growth markets of Asia and, notably, India," Al Jaber said. "Following the UAE Leadership’s direction, ADNOC has built on the close bonds of friendship between the UAE and India to strengthen our strategic energy partnership.
“In this new energy era, ADNOC is adopting more creative strategies and more flexible business models to capture growth, maximise efficiency and create greater value from every barrel of oil produced. There is a real need for the oil and gas industry to modernise, in order to ensure the world’s growing energy needs are met in the 4th Industrial Age.
“This award is a testament to the hard work and dedication of all who work at ADNOC, who are pushing ahead to implement a performance-led, digital-first culture. At ADNOC, we are utilising advanced digital platforms and analytics to uncover new solutions to optimise our performance and enhance efficiencies across the whole organisation, as well as to empower our people.
“At the same time, we are pushing the boundaries of partnership to bring technology, expertise and financial acumen, aimed at maximising the value of our resources, as we take advantage of the rising global demand for crude, refined and petrochemical products.”
“Recognising the dramatic shift in energy demand among the rising economies of Asia and, in particular, India, H.E. Dr. Sultan Al Jaber has reshaped the buyer-seller relationship into one based on true strategic partnership," Dharmendra Pradhan, Indian minister of petroleum and natural gas, added. "As a result, Dr. Sultan has made a valuable contribution to regional and global energy security, while redefining the traditional NOC business model to adapt to a fast-evolving energy landscape. In short, Dr. Sultan has proven himself a true industry pioneer, who is ensuring the oil and gas industry remains relevant, agile and responsive to the needs of the future."
The Petrotech International Lifetime Achievement Award is officiated by a Prize Jury comprising Mr. B. K. Chaturvedi, Former Cabinet Secretary, Government of India; Mr. S.C. Tripathi, Former Secretary of Ministry of Petroleum and Natural Gas, Government of India; Mr. B.C. Bora, Former Chairman and Managing Director, ONGC; and Dr. Santrupt Misra, Independent Director, ONGC. The four-member Jury selects winners in five award categories in an open nomination process. The International Lifetime Achievement Award is reserved for exemplary work in the oil and gas industry at the global level. Previous awardees include Dr. Daniel Yergin, the Pulitzer Prize-winning energy expert, and Igor Sechin, CEO of Rozneft.