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Kuwait to host Gulf Petroleum Forum Focus on regional changes and impact of GCC on oil markets

KUWAIT CITY, March 8: Under the Patronage of His Highness the Kuwaiti Prime Minister, Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, and as an emphasis of the strategic importance of the Arabian Gulf region, the Second Gulf Petroleum Forum will be held in Kuwait at the Kuwait Jumeirah Hotel, with a view to keep abreast with the regional changes and their impact on world oil markets given the strategic importance of the Arabic Gulf countries.  In a statement issued in connection with the arrangements being made for holding the forum, the chairman of the organizing committee, Dr Jasem Besharah said that, in light of the oil potentials and economic capabilities of the countries of the region as a key player in global oil markets, given the new projects that will be announced during the coming few years in the fields of oil, petrochemicals and energy and against the background of the call for achieving a Gulf oil integration, the Gulf Petroleum Forum is being held with a view to explore future potentials and highlight and provide opportunities to specialists and investors through the main and complementary events of the Forum.

Dr Besharah emphasized the vital importance of future plans for developing and expanding the oil sector in Kuwait with regard to the oil and gas sectors and the projects that fall within this area. He indicated that the Forum will give particular attention to this important sector and added that the GCC countries are particularly important to any thing related the oil, gas and petrochemical industry as they contribute one quarter of the world oil and 20% of natural gas supply and own 40% of the world’s oil and 15% of the world’s gas reserves.  Dr Besharah emphasized that the Forum reflects the genuine attention being given to the Gulf oil sector development plan and providing the global companies with the opportunity to keep abreast with the latest developments in oil sector in the Arabian Gulf region in general and the works that will be covered by mega projects in Kuwait in particular.

He went on to say that the Forum, which will be attended by a large number of interested parties, experts, decision makers and specialists, both local and international, in the areas of oil, gas and petrochemical industries and key personnel from regional and international organizations, will present and discuss the main developments seen by this sector. The Forum will also discuss the challenges in various areas and at various levels. In addition, it will discuss the future developments of this sector.

Fund
The participants will include His Excellency Nizar Al-Adsani, Deputy Chairman and Chief Executive Office of Kuwait Petroleum Corporation, His Excellency Abbas Naqi, Secretary General of OAPEC, His Excellency Suleiman Al-Herbish, Director General of the OPEC Fund for International Development, Dr Adnan Shihab-Eldin, Director General of the Kuwait Foundation for the Advancement of Sciences, Asaad AlSaad , Chairman of Kuwait National Petroleum Company, Mohammed Hussain, President and CEO of EQUATE Petrochemical Company, H. E. Abdulaziz bin Hamad Al-Ageel, Secretary General of Gulf Organization for Industrial Consulting, Abdullah bin Juma Al-Shibli, GCC Assistant Secretary General for Industrial Affairs at Cooperation Council for the Arab States of the Gulf , Dr Thani Ahmed Al-Zeyoudi, Director of Energy and Climate Change at the Ministry of Foreign Affairs in the UAE, Dr Naji Mohammed Al-Mutairi, Director General of Kuwait Institute for Scientific Research , Dr Mohammad Al-Zuhair, Executive Chairman of Kuwait National Fund for SMEs Development , Ali Rashid Al-Jarwan, Chief Executive Officer of Abu Dhabi Marine Operating Company, Dr Bassam Fatouh, Director of the Oil and Middle East Program at Oxford Energy Studies Center , Bill Farren Price, CEO of Petroleum Policy Intelligence, Riyadh Al-Saleh, Chairman and Chief Executive Officer of Kharafi National , Prof. Dr H-Holger Rogner, Former Head of Planning and Economic Studies Section at the IAEA, Dr Salem Al-Hajraf, Manager of Renewable Energy Program at Kuwait Institute for Scientific Research , Malek Al-Ajeel Advisor to Deputy CEO and Chief Investment Officer at Gulf Investment Corporation,
Dr Ramadan Al-Sharrah, Secretary General, Union of Kuwaiti Investment Companies, Dr Abdul Rahman Al-Awadi , Executive Secretary of Regional Organization for the Protection of the Marine Environment , Engineer Najib Saab, Secretary General of the Arab Forum for Environment and Development, Dr Ibrahim Al Ghusain, Corporate Director at Kharafi National, Dr Mohamed Dawod El Ahmed, Chairman of the Kuwait Environment Protection Society , and Claudio Palmieri, Business Development Director at Kharafi National.
 

Focus on regional
Dr Besharah added that the Forum, as it attracts the major companies operating in this vital sector in order to present the latest developments of their various activities and introduce their current and future projects, will be an important event for both the public and private sectors as it strengthens and develops opportunities and means of cooperation among the GCC countries. The Forum will have several main themes closely related to the oil, gas and petrochemical industry from the technical, economic and commercial aspects, and will highlight the role of this industry in the comprehensive development process currently being witnessed by Kuwait in particular and by the Gulf Cooperation Council countries in general.

The chairman of the organizing committee of the Forum, Dr Jasem Besharah expressed his thanks and appreciation to His Highness the Prime Minister for his generous patronage and constant support to all serious economic events that are undertaken in the service of Kuwait. He also expressed gratitude to the various sponsor companies for their support of the Forum. It is worth mentioning that the Forum includes a number of workshops to be presented by experts and specialists from inside and outside Kuwait, allowing the participants the opportunity to familiarize themselves with the latest technical, scientific and economic developments witnessed by this sector, given the fact that the importance of the Forum is derived from the vital role played by Kuwait and the GCC countries in the world oil sector, as this region owns the largest world oil reserves and seeks to acquire state-of-the-art technologies in the fields of exploration, drilling, transport and export.

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