16 September 2016
Legacy Award, 2016: Ali Al Naimi
Al Naimi’s influence on global oil markets over the decades has been unquestionable. In the year in which Naimi stepped down as Saudi Arabia’s Minister of Petroleum and Mineral Resources, it is fitting that his work be recognised. Naimi’s determination in bettering the field, both domestically and across international markets, will surely be felt for years to come. Over the duration of his 20 years as oil minister, Naimi arguably became the most influential voice in world energy markets, helping to steer Opec through some of its most tumultuous times. At the young age of 12 he started work as an errand runner at Aramco. An American executive saw promise and recommended that he be educated in
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya






