Summer 2007 Vol. V, No. 4
Inside the Gate
An Energizing Enterprise
Establishing the Munib R. and Angela Masri Institute of
Energy and Natural Resources
AUB Trustee Munib R. Masri and his wife, Angela, announced
in March 2007 their intention to establish the Munib R. and Angela Masri
Institute of Energy and Natural Resources at AUB.
Masri, who has a degree in petroleum geology from the University of Texas
and a masters degree in geology and government from Sul Ross State
University in Texas, says that there is a desperate need in the region
for qualified people to work in international petroleum and related industries.
A concern common to nearly all companies in these fields (oil and
gas production, services industries) is finding new engineers and geologists
to replace an aging work force that is mostly expected to retire during
the next decade, he explains.
Masri, who has already established an engineering and geology college
at An-Najah National University in Nablus, Palestine, says he is confident
that AUB will graduate men and women who will be employable and
qualified petroleum engineers and hydrologists while at the same
time encouraging the ideals of ethical behavior, professionalism,
and environmentally responsible use of natural resources
credibility and location would position the institution as a major contributor
of expertise in the field of oil and gas as well as water and hydrogeology.
Masri hopes that this energy and natural resources initiative will develop
into a cross-border universities program involving Palestine, Jordan,
and Lebanon, and contribute significantly to these countries development
and to the region as a whole. Masris wife, Angela, also studied
geology in Texas.
Masris long and distinguished career began in 1956 when he went
to work as a geologist for E.W. Pauley and Phillips Petroleum Company
in Jordan. In 1963, he became president of Phillips Petroleum Company
in Algeria and in 1970, after civil strife in Jordan, Masri joined the
Jordanian government as minister of public works. Twenty-three years later
he became a minister of state in the first Palestinian government, responsible
for finance and reconstruction.
Since 1971, Masri has been chairman and CEO of the Edgo Group, which has
been active in the petroleum and hydrogeology industries in the Gulf,
Levant, and North Africa for 50 years. Edgo is also a founding investor
in Sindicatum Carbon Capital, a specialist finance business that develops
projects that use the latest technologies to abate and reduce greenhouse
gas emissions. In addition to his extraordinary record of accomplishment
in business, Masri is also widely admired for his philanthropy and peacemaking
efforts in Palestine.
Chairman of the AUB Board of Trustees Dr. Tom Morris noted that Trustee
Masri has been a strong supporter of AUB for many years and cited in particular
his earlier gift to the Universitys Center for Advanced Mathematical
Sciences (CAMS). We are