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The downturn impacted all oil and gas majors and ExxonMobil is no exception. Only seven years ago, it had over $45bn in cash, but, as a result of increasing debt, the company lost its AAA credit rating. However, contrary to what other companies in the industry are doing in light of the downturn, Darren W. […]

The appointment of Jabbar al-Luaibi as Iraq oil minister, as well as other government appointments, came after a cabinet reshuffle that was delayed by months of political disputes and street protests against the government’s inaction on promised reforms in mid-2016. Luaibi is a native of the southern region, where the majority of Iraq’s oil reserves […]

Emma Marcegaglia, another notable female leader in our list for this year, has graced the Power 50 for the second year in a row. Ironically, the role that she holds at Eni, among others, bears the title of chairman. Still, the oil and gas industry has made remarkable progress in terms of bridging the gender […]

A wholly Dubai Government-owned company, the Emirates National Oil Company (ENOC) was established in 1993, making it one of the younger operators in our Power 50 list this year. With operations in 60 markets and over 9,000 employees, CEO Saif Humaid Al Falasi bears a significant responsibility on his shoulders. As a part of his […]

Vagit Alekperov has been Lukoil’s president and CEO since 1993. Prior to that, he had been working in the oil industry in Azerbaijan and Western Siberia since 1968. Some of his previous roles include general director of the Production Association Kogalymneftegaz of Glavtyumenneftegaz of the USSR ministry of oil and gas from 1987 to 1990, […]

A regional upstream company, Crescent Petroleum is based in the United Arab Emirates where it is strategically located between the Middle East and South Asia. Some of its activities include exploration and production of petroleum concessions in the UAE, Oman, Yemen, Egypt and Pakistan. Founded in 1971, the company, which is headquartered in Sharjah with […]

Taqa is aligned with the Abu Dhabi’s Economic Vision 2030, which promotes sustainability and diversity. It carries out exploration and production activities with assets in Iraq, Morocco, Oman, KSA, and the UAE. According to its website, Taqa has proven and probable reserves of 485mn boe, a total average of 145,300 bpd, and underground gas storage […]

Committed to develop oil and gas fields to the full extent of their potential, Maersk Oil spent the last 40 years finding hydrocarbon products with partners. It has more than 500,000 boepd of production. Operating in oil rich regions like Qatar, Algeria, and Iraq, forming partnerships with local players, the company has overcome the downturn […]

Genel Energy is one of the largest holders of reserves and resources in Kurdistan, Iraq. Production from Taq Taq and Tawke averaged 56,400 bpd in H2 2016, while Miran and Bina Bawi gas fields have gross proven and probable (2P) reserves of around 715mn barrels of oil and gross proven, probable and possible reserves of […]

The Iraqi Government established Basrah Gas Company in May 2013 to meet the challenge of turning Basrah’s gas wealth into a profitable industry. The Basrah province has always been rich with gas and currently produces enough quantities to create electricity for more than 11mn homes, according to BGC’s website. Given the fact that the company […]