RE: Interview with the Chief Exec9 Nov 2023 21:19
"Exclusive: Petrofac on strategising energy diversification
Petrofac’s new Group Chief Executive, Tareq Kawash, discusses his perspectives on the energy transition and his plans for sustaining the company’s growth trajectory
by Angitha PradeepNovember 09, 2023 04:41 PM GST
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In an industry known for its volatility, 2023 marked something of a turning point. Following a decade of underinvestment, the oil and gas upcycle is well underway and simultaneously, the wider sector is doubling down on its commitment to deliver secure, affordable, sustainable energy. Petrofac’s innovative approaches continue to fortify its position as part of the solution to this energy trilemma, making it an invaluable ally in powering theregion’s future.
This dedication is further illuminated by the appointment of Tareq Kawash as Group Chief Executive in April 2023. Bringing over three decades of rich experience, including tenures at McDermott and CB&I, Kawash’s appointment was followed by a succession of prominent contract awards. His hands-on approach has seen him actively engage at various operational sites, fostering relationships with teams, clients, and key suppliers, thereby embarking on a comprehensive journey to steer Petrofac towards a path of sustained growth.
So, what are his perspectives on Petrofac, the wider sector, and its prospects for the future?
“Before even walking through the door, I already had a good feel for Petrofac. The company had always been a key competitor; I had always seen it as a formidable execution machine, and, as a joint venture partner, I had met many of the people and been impressed by their client-centric culture. Since joining the company, these initial impressions have been validated, and I have been struck by two things in particular."
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