Adnoc fastest growing oil and gas brand in the world

Abu Dhabi National Oil Company retained its position as the top brand in the UAE for the fourth consecutive year as its group chief executive Dr Sultan Al Jaber was named top oil and gas executive globally.

A report by global consultancy Brand Finance, which evaluates the world's biggest brands annually, showed Adnoc achieved an "impressive" 19 per cent brand value growth to $12.8 billion, the fastest amongst the top 10 oil and gas brands globally.

"Adnoc is one of a handful of brands in the sector to see its BSI score rise by +2.0 points, evidenced by its stellar reputation and trust amongst international investors and stakeholders," said Brand Finance.

Dr Al Jaber, who is also the UAE's Minister of Industry and Advanced Technology, was also the highest-ranked chief executive outside of the US and China-dominated index, where he ranks 15th overall. Dr Al Jaber earned the top ranking “through his continued astute leadership of Adnoc as a global oil and gas player, while ensuring the firm’s sustainable future in a low-carbon economy”, the Abu Dhabi Media Office said on Wednesday.

Dr Al Jaber, who is also the managing director of the state-controlled hydrocarbons producer and UAE Minister of Industry and Advanced Technology has been at the helm of the Adnoc since 2016. He has lead the company’s transformation from a traditional national oil company to a more commercially focused international energy group, focused on playing its part in the low-carbon economy.

“Aside from his role at Adnoc, [Dr Al Jaber] holds senior positions within the UAE government and is a key figure in promoting the diversification and growth of the UAE economy,” the Brand Finance report said.