Background
H.E. Dr. Al Jaber took the helm of ADNOC, the 12th largest oil producer in the world, in 2016, at a time when oil prices had plunged 70 percent over the previous 18 months to around $30 per barrel resulting in a significant slump in oil export revenues to the UAE.
"He transformed the company," said Claudio Descalzi, CEO of Eni.
H.E. Dr. Al Jaber had to make tough decisions to cut costs. Since then, he has spearheaded a sweeping, full-scale business transformation to ensure ADNOC can thrive in the fast-evolving energy landscape.
Ground-breaking deals and partnerships...