Al-Falih ... top award
Aramco chairman named top 'petroleum executive'
NEW YORK, February 24, 2016
Saudi Arabian Oil Company's (Saudi Aramco) chairman has been named '2016 Energy Intelligence Petroleum Executive of the Year.'
Khalid A Al-Falih was chosen by a selection committee made up of top global oil industry executives, and is the 20th winner of this highly regarded, peer-selected honour, said a statement.
The award will be presented to Al-Falih on October 18, during the 37th Annual Oil and Money Conference in London.
Thomas Wallin, editor-in-chief, Energy Intelligence, said: “The selection of Al-Falih by his peers is a reflection of his strong leadership of Saudi Aramco, the world’s largest oil company, during a period of dynamic growth and unprecedented challenges to the international petroleum industry.”
Al-Falih, who was appointed chairman, led the expansion of Aramco’s oil production capacity through a number of upstream projects and also significantly increased its refining and petrochemical capabilities through a series of new world-class facilities.
In addition, the company has continued to reliably supply international petroleum markets as the world’s largest exporter of crude oil, with direct sales to all main world markets, as well as supplying its own international refining and marketing partnerships.
Under his leadership, the company became a major natural gas producer as part of a strategy to reduce domestic use of liquid fuel for power generation and to drive economic growth and diversification.
Al-Falih was also instrumental in Saudi Aramco’s emergence as a leading innovator and creator of advanced technology through the establishment of a network of research centers, both in the kingdom and internationally, in partnership with world-renowned academic and industry research institutions.
The selection process for the award was administered by Energy Intelligence, which gathers nominations for the award from the heads of the 100 largest oil companies, as determined by the annual company rankings by Energy Intelligence, in the Energy Intelligence Top 100: Global NOC and IOC Rankings.
The nominations were then voted on by a special selection committee made up of previous award winners and other senior oil executives. - TradeArabia News Service
