Essays on The Oil Business in the United Arab Emirates Case Study

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The following paper 'The Oil Business in the United Arab Emirates' is a great example of a human resources case study. The United Arab Emirates first ventured into the oil business in the late nineteen fifties at the Murban Bab Oil field. However, the oil discovery process started thirty years prior. Three years after the establishment of Murban Bab, the Jebel Dhana terminal was constructed with initial exports leaving the port on the 14th of December 1963. Shortly afterward, successive fields were discovered namely Bu Hasa, Sahil, Asab, Bida Al Qemzan, and Shah.

Due to the numerous oil field discoveries, oil production revenues flourished hence prompting the late founder Sheikh Zayed bin Sultan Al Nahyan to inaugurate the Abu Dhabi National Oil Company widely known as ADNOC in 1971.The government-owned syndicate mainly focused on the supply and marketing of petroleum goods in the United Arab Emirates consequently creating compound employment prospects and generating a key factor for the UAE economy determinant. In 1973, the president of the company issued a High Decree hence incorporating ADNOC for a petroleum distribution status. The syndicate is operated under a CEO, and he is supported by an Executive Leadership Team (ELT) consisting of various Senior Vice Presidents from the numerous corporate support services and Distribution Business Lines (DBL).

The Vice President (VP) Strategic and Risk Management Division (SRMD), and VP Health, Safety, Security and Environment (HSSE) Division are also members of the Executive Leadership Team. The chief responsibility of the ELT is to guarantee effective governance in relation to the corporate stance of the company. A regularly audited HSE Management System (HSEMS) ensures that all depots and service stations affiliated with ADNOC adhere to the company’ s HSE standards so as to monitor compliance levels, and to maintain best-practice measures within the global HSE field. Additionally, the ELT sets up the strategies of the company in line with corporate expectations through committees and meetings.

Good governance requires the leaders of a company to have an enduring observant attitude to safeguard accountability. Retaining workers in the UAE has always been a challenge due to various factors hence the term Emiratization. One proliferating issue arising from the issue is culture since retentive workers are always hard to find.

References

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