Sultan Al-Jaber, UAE’s minister of state and group CEO of ADNOC, was recently presented with the Aramco Trading New Silk Road CEO of the Year Honorary Award 2019 by Ibrahim Al-Buainain, CEO of Aramco Trading, at the 9th Gulf Intelligence Energy Markets Forum in Fujairah.
“The New Silk Road is reshaping the flow of global trade. By 2040, countries east of the UAE will account for more than two-thirds of global GDP, becoming the world’s most significant driver of energy demand,” said Al-Jaber. “ADNOC is leveraging the UAE’s unique geographic location at the gateway to this region and Fujairah is a critical enabler of this strategy.”
The Honorary Award category was added to acknowledge the stand-out CEO who made the most significant impact across all four of the celebrated energy sectors of trading, refining, storage and ports over the previous year.
ADNOC’s pioneering activities in 2019 included the establishment of a joint-venture trading company with Eni and OMV, in addition to an agreement with South Korea’s SKEC to build the world’s largest single underground facility for oil storage.
This award was launched in 2017 to recognize the industry leaders who are pioneering the connectivity of the international energy industry across the New Silk Road, from Asia to the Middle East and Africa.