Senior Ministers Attend Kuwait Energy Strategy Forum
Kuwait City, Kuwait: 31 January 2018: Senior Ministers from Kuwait, as well as executives from some of the world’s leading energy companies, met in Kuwait today to discuss the opportunities facing the global energy sector. The conference brought together an international audience, attracting over 200 delegates from 20 different countries, including the United Kingdom, Japan and the United States.
2018 has seen prices for oil reaching a three-year high, interest in renewables rising with big oil buying into green and a continued move into digitalisation and increased efficiencies.
For supplier nations, the new energy market poses significant challenges and opportunities, while oil and energy companies continue to consider changes in their business models and strategies for development.
One of the key areas of discussion at the event was what to expect from the oil market in 2018. Will cuts last and if so will they balance the market; Russian/Saudi cooperation; what to expect from shale and non-OPEC producers plus other critical issues for the market. Also discussed was how to finance energy in a shifting market and longer-term investment strategies - seeing past the slump.
The forum was held at the JW Marriott in Kuwait City. Petroleum Economist, the global energy magazine, and Kuwait Petroleum Corporation (KPC) co-hosted the fourth annual Energy Strategy Forum under the Patronage of The Minister of Oil, State of Kuwait. National Bank of Kuwait (NBK) and NBK Capital were gold sponsors, Quantum Reservoir Impact (QRI) silver sponsors, Schlumberger supporting sponsors and EY VIP lunch sponsors.
Eminent speakers at the forum included:
- Mr Nizar M Al-Adsani, Deputy Chairman and Chief Executive Officer, KPC
- Omar Al-Nakib, Senior Economist, National Bank of Kuwait
- Dr Sun Xiansheng, Secretary General, International Energy Forum
- Adi Karev, Global Oil & Gas Leader, EY
- Rani Selwanes, Managing Director, Head of Investment Banking, NBK Capital
- Robert Ryan, Chief Energy Strategist, BCA Research
- George Bou Mitri, President for Kuwait, Iraq, Jordan and Lebanon, Honeywell
- Neil Atkinson, Head of the Oil Industry Markets Division, International Energy Agency