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PIDX's new CIO

Thursday, February 6, 2014

PIDX, the industry association which develops e-commerce standards for oil and gas, has appointed Fadi Kanafani as its new President and CEO.

Mr Kanafani was previously CIO of Sheridan Production Company, a US domestic oil and gas producer based in Houston, and before that CIO of Koch Industries natural gas liquids and chemical companies.

Mr Kanafani was first involved in e-commerce standards in 2000 - when as CIO of Koch Industries natural gas liquids and chemical companies, he chose to use standards developed by a body called 'Chemical Industry Data Exchange' or CIDX.

PIDX is aiming to develop along 3 strands - increasing adoption of the standard, growing the membership, and making sure the solutions continue to be relevant.

Whether people use the standard is the ultimate metric as to whether the organisation is creating value, Mr Kanafani said.

It also wants to do more with the 25 years of intellectual property it has, he says.

PIDX might have reached close to 100 per cent penetration in North America and European oil companies, using the standard to transact with their suppliers, Mr Kanafani believes. They are either using it directly themselves or working with third party transaction companies which are using the standard.

But there is still plenty of scope for the standard to be more widely used in transactions between Western engineering companies and their suppliers - and plenty of scope for it to be more widely used in other parts of the world, such as Asia, South America, South East Asia and Australia.

PIDX is also keen to expand its role helping people discuss what best are best practises in business process management, he says.



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