CEO FOREWORD

2016 was a challenging year for the oil industry and Crescent Petroleum focused on making our business resilient to the prevailing market volatilit.
Changing societal expectations, coupled with the geo-political instability and economic slowdown in the Middle East and North Africa, make adaptive measures in the sector a necessity. Hence, we focused in 2016 on building a resilient and responsive business that is capable of catering to volatile markets. Crescent Petroleum’s second sustainability report provides updates on our sustainability progress and achievements during the year…

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OUR APPROACH
TO SUSTAINABILITY

To create lasting value for all stakeholders, Crescent Petroleum embeds sustainability in its strategic planning, departmental objectives and daily operations. Despite the political and economic challenges of 2016, the company continued to support the UN Sustainable Development Goals.

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CREATING
SHARED PROSPERITY

Crescent Petroleum strives to create shared prosperity across the countries it serves. Its joint ventures with governments throughout the Middle East and north Africa enrich national economies while its public-private partnership revitalise infrastructure, promote sound public policy and address youth unemployment in the region.

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EMPOWERING COMMUNITIES

In addition to responding to the energy needs of the communities it serves, Crescent Petroleum is committed to raising their standards of living by improving healthcare access, promoting business events and organisational dialogue and supporting various educational programmes.

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SAFEGUARDING
OUR PEOPLE

As Crescent Petroleum’s core focus area is the health and safety of its employees and neighbouring communities, it has developed a comprehensive risk management approach and continuously monitors key safety indicators.

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OPERATING
RESPONSIBLY

To help mitigate climate change and water scarcity, Crescent Petroleum endeavours to minimise its environmental footprint by promoting recycling across its facilities, reducing water and electricity consumption, and holding awareness events for its employees and stakeholders.

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BUILDING A
RESILIENT WORK CULTURE

To help employees reach their full potential, Crescent Petroleum seeks to create and maintain a healthy, safe and empowering work environment. It notably provides job security, celebrates long service and regularly introduces corporate policies that promote self-fulfilment and well-being.

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