Photograph Contributed by Saudi Aramco
Abdallah S. Jum'ah, President and Chief Executive Officer of Saudi Arabian Oil Company (Saudi Aramco), will be honored as the recipient of the Petroleum Executive of the Year Award for 2005, it was announced today by Thomas Wallin, President of Energy Intelligence. Jum'ah was chosen by his peers in a confidential selection process administered by Energy Intelligence.
His selection reflects his strong leadership of Saudi Aramco over the last 10 years and the company's current expansion program. The award will be presented to Mr. Jum'ah at a special banquet at Claridge's Hotel in London on September 20th, the centerpiece of the 26th annual Oil & Money Conference, convened by the International Herald Tribune and Energy Intelligence.
Jum'ah was born in Al-Khobar in Saudi Arabia's Eastern Province, very close to Saudi Aramco's Dhahran headquarters and the site of the country's first commercial oil discovery in 1938, a few years before his birth. He studied political science at the American University of Cairo and at the American University of Beirut, and he also completed a management development program at Harvard University. He began his career at Saudi Aramco in 1968, holding a series of leadership assignments with responsibility for electric power, employee relations, government affairs, and international operations before being named to the board in 1994.
Since taking the helm at Saudi Aramco in 1995, Jum'ah has led the far-reaching expansion of its downstream and gas businesses, renewing business processes and transforming the company into a fully integrated international oil and gas enterprise. Under his leadership, the company has also refocused its strategic direction to maintain its position as the world's premier energy supplier, while supporting the expansion and diversification of Saudi Arabia's national economy with a continued strong commercial orientation.
"The process by which the winner of this award is selected is particularly noteworthy and assures that the selection is fully representative of the views of the industry," said Raja W. Sidawi, Chairman of Energy Intelligence. Nominations for the award were solicited from CEOs and other senior managers of over 100 of the world's largest oil and gas firms, as they appear in the annual rankings published by Petroleum Intelligence Weekly, Energy Intelligence's flagship publication. The nominations were then reviewed by a representative group of senior oil executives from around the world, who made the final selection.
Previous winners of the award include: David O'Reilly (2004), Lee Raymond (2003), James J. Mulva (2002) Sir Mark Moody-Stuart (2001), Thierry Desmarest (2000), Lucio Noto (1999), Luis E. Giusti (1998), and Lord Browne of Madingley (1997).