Shell’s Mena portfolio has been transformed under the leadership of CEO Ben van Beurden, who has been at the helm of the major since 2014. Rather than turning its back on the region, Shell has instead focused its efforts on a small number of core countries and is now turning its focus onto regional expansion.
Incoming chief executive Wael Sawan takes over the reins on 1 January 2023 (MEES, 16 September) at a time when Shell is expanding its presence in its two core Mena countries – Oman and Qatar. On the same day as Mr Sawan’s appointment was made, Shell was awarded a 67.5% operating stake in Oman’s Block 11 (MEES, 16 September). (CONTINUED - 893 WORDS)