Emerging Technologies
How a technology transition can help tackle the energy ‘trilemma’
Aramco’s $1.5bn Sustainability Fund will target groundbreaking technologies with the potential to deliver climate change solutions and the energy transition.
Mahdi Aladel
Mahdi has been the CEO of Aramco Ventures since 2020, the corporate venturing arm of the world’s largest energy and chemical company, Saudi Aramco. In his role he oversees investment activities of three funds (Digital/Industrial, Sustainability, and Prosperity7) with total Assets Under Management of more than $3 billion.
Prior to his current role, Mahdi was Aramco’s Director of Base Oils & Finished Lubricants in which he founded and led Aramco’s Global Base Oils Alliance and the development of the Aramco Lubricants business and brand.
Mahdi has 24+ years of working experience spent in Downstream, Upstream and the Corporate Center, both in Saudi Arabia and internationally.
Between 2013 and 2017, Mahdi worked in Motiva LLC in Texas where he led Strategy & Business Development. Between 2011 and 2013, he led numerous business strategies and corporate initiatives under the Strategic Transformation Office of Saudi Aramco. Prior to which, Mahdi was responsible for Downstream strategies under the Long Range Planning Department of Corporate Planning. Mahdi has also spent time as a lead Production Engineer overseeing oil field operations with a production capacity of 500,000 barrels per day in the Kingdom.
Mahdi joined Saudi Aramco’s work force in 1998 as a Process Engineer in Ras Tanura Refinery, up to 2009, where he was involved in different engineering, operations, and planning roles. Between July 2005 and December 2006 Mahdi worked as a process engineer in Chevron’s Richmond Refinery, California.
Mahdi has a BS in Chemical Engineering and an MBA from King Fahd University of Petroleum & Minerals, he also has MSc in Chemical Engineering from Princeton University. Mahdi is an alumnus of the Advance Management Program for Executives from INSEAD University. Mahdi is a board member in; Aramco Ventures’ many subsidiaries, ALuRe (Aramco Lubricants & Retail Company), The Oil and Gas Climate Initiative (OGCI) Investment fund. Mahdi also serves as a member of Wa’ed Ventures' Investment Committee and is a former board member of LUBEREF.
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