His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, has issued an Emiri decree appointing Dr. Sultan Ahmed Al Jaber as director-general of Abu Dhabi National Oil Company (ADNOC), the official WAM news agency said in a brief report.
Al Jaber is also chairman of renewable energy firm Masdar, Abu Dhabi Ports Company, Abu Dhabi Media Investment Corp and Sky News Arabia. In addition, he serves as chief executive officer of energy at state-run Mubadala.
He replaces Abdullah Nasser Al Suwaidi who was appointed director general of ADNOC in 2011 and oversaw the renewal of the emirate’s biggest onshore concessions last year.
ADNOC plans to produce 3.5mn barrels of oil a day by the end of 2017 from 3mn today. It is also developing natural gas assets to meet domestic energy needs.
‘Dr Al Jaber spearheaded the launch and establishment of Masdar in 2006 and continues to drive the company’s strategic direction as it takes on an increasingly prominent role in global effort toward advancing renewable energy and clean technology’, according to a description on Masdar’s website.
