Arab News, Wednesday, Jul 29, 2020 | Zul Hijjah 8, 1441
Aramco CEO honored with Kavaler Award
Amin Nasser, the president and CEO of Saudi Aramco, is to receive the
prestigious Kavaler Award for his work in the petrochemical industry. He is the
first recipient outside of Europe and North America.
The award, which will be presented during a virtual ceremony this year,
recognizes outstanding achievement in petrochemicals. Nasser’s honor comes
during a year in which Aramco completed its milestone merger with Saudi Basic
Industries Corporation (SABIC) to create a new force in the multibillion-dollar
“Nasser has made huge advances in petrochemicals with the $69bn acquisition of
SABIC, the construction of mega-projects worldwide and the ongoing development
of crude-to-oil technology,” said Joseph Chang, global editor of the Independent
Commodity Intelligence Services (ICIS) Chemical Business website.
The recipient of the Kavaler Award is chosen by a peer group of executives in
the chemicals industry, selected by the consultancy ICIS, and the Chemist’s
Club, a professional executive organization. The decision takes into account
profitability and commitment to environmental, social and governance issues, as
well as innovation, mergers and acquisition activity.
“The level of activity for Aramco is unprecedented, for any company,” said
“Its global ambitions and investments in petrochemicals will create waves in the
industry for years to come.”
The Kavaler is the second major award Nasser will receive this year. In January
he was named Energy Executive of the Year by the consultancy Energy