The Middle East’s

4. Majid Jafar

Designation: CEO
Company: Crescent Petroleum
Established: 1971
Headquarters: U.A.E.

In November 2023, Crescent Petroleum became a signatory for the “Aiming for Zero Methane Emissions” initiative, pledging to achieve near-zero methane emissions by 2030. The initiative was launched by the Oil and Gas Climate Initiative. Crescent Petroleum has developed a new sustainability maturity model to manage future material sustainability areas, including energy and water use, biodiversity, green procurement and value chain, archaeology and heritage, and sustainability-related governance. In 2022, it recycled 90% of its hazardous waste and reduced total flared hydrocarbons by 31% compared to 2021.