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OPEC Member Countries Discuss Global Petroleum Development Strategies in Vienna

Published: June 3, 2015; 21:00 · (FriedlNews)

The 6th OPEC International Seminar, with the theme "Petroleum - An Engine for Global Development", aims to build on the previous events from the past decade. It is currently taking place at the Imperial Hofburg Palace in Vienna. The Seminar intends to underpin OPEC’s commitment to stabilize the international oil market by promoting cooperation and dialogue with stakeholders around the world.

The OPEC International Seminar at the Hofburg Palace / Picture: © OPEC Organization of the Petroleum Exporting Countries

The Organization of the Petroleum Exporting Countries (OPEC) is hosting its 6th International Seminar at the Hofburg Palace in Vienna, Austria, on 3−4 June 2015. The theme of the event is “Petroleum — An Engine for Global Development”.

The Seminar is examining a range of important energy issues with presentations by Ministers, oil company executives, representatives from international organizations, academic experts and industry analysts.

These include petroleum and energy ministers from OPEC Member Countries, and also from major oil-producing and consuming countries. Chief executives from major oil companies and international energy institutions will also attend.

Speakers include:

HE Ali I Naimi, Minister of Petroleum & Mineral Resources, Saudi Arabia

HE Abdalla S. El-Badri, Secretary General, OPEC

HE Maria van der Hoeven, Executive Director, IEA

Rex Tillerson, CEO and Chairman of the Board, Exxon Mobil Corporation

Bob Dudley, Group Chief Executive, BP

HE Bijan Namdar Zangeneh, Minister of Petroleum, IR Iran

HE Adil Abd Al-Mahdi, Minister of Oil, Iraq

HE Asdrúbal Chávez J., Minister of Popular Power of Petroleum and Mining, Venezuela

HE Dharmendra Pradhan,  Minister of Petroleum and Natural Gas, India

HE Dr Aldo Flores-Quiroga,  Secretary General, IEF

HE Dr Urban Rusnák, Secretary General, Energy Charter Secretariat

HE José Maria Botelho de Vasconcelos, Minister of Petroleum, Angola

HE Alexander V., Novak, Minister of Energy, Russian Federation

Fu Chengyu, Former Chairman, Sinopec

Claudio Descalzi, CEO, Eni

John S. Watson, Chairman of the Board & CEO, Chevron Corporation

Patrick, Pouyanné, CEO, Total

HE Suhail Mohamed Al Mazrouei, Minister of Energy, UAE

HE Pedro Merizalde-Pavón, Minister of Hydrocarbons, Ecuador

HE Dr Ali Saleh, Al-Omair, Minister of Oil, Kuwait

Dr Joseph Dawha, Group Managing, Director, NNPC

Ryan Lance, Chairman & CEO, ConocoPhillips

Ben van Beurden, CEO, Royal Dutch, Shell plc

Markus Mitteregger, CEO, RAG, (Rohöl-Aufsuchungs-Aktiengesellschaft)

HE Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry, Qatar

HE Suleiman J., Al-Herbish, Director General, OFID*

HE Dr Seyed, Mohammad, Hossein Adeli, Secretary General, GECF

Dr Thomas Helbling, Chief of the World Economic Studies Division, IMF

Click here to view the updated Seminar programme including all speakers.

Topics will include the global energy outlook, market stability, oil investments, technology and the environment, and the state of the world economy.

The 6th OPEC International Seminar will underpin OPEC’s longstanding commitment to strive for a secure and stable international oil market by promoting cooperation and dialogue with stakeholders around the world.

OPEC has held numerous Seminars since 1969, covering various topical themes. But its first high-level International Seminar was held in 2001. Since then, the event has grown in size and prominence to become one of the premier gatherings on the world energy calendar.

Topics will include the global energy outlook, oil market stability, production capacity and investment, technology and the environment, and prospects for the world conomy.

As in past seminars, OPEC will again honour distinguished scholars who have made outstanding contributions to the petroleum industry and related areas during their lifetimes with its 2015 OPEC Award for Research and OPEC Award for Journalism.

About the OPEC International Seminar

The OPEC International Seminar is today regarded as one of the premier events on the world energy calendar.

Seminar participants customarily include Ministers from OPEC Member Countries and other oil-producing and oil-consuming nations, as well as heads of intergovernmental organizations, chief executives of national and international oil companies, in addition to other industry leaders, academics, energy experts and the specialist media.

The seminars have taken various forms over the years, but they have always had a wide reach across the energy sector and beyond.

The latest in the series of seminars, which began in 2001, has provided fresh impetus to key industry issues and developed existing and new avenues of dialogue and cooperation. Insightful presentations and panel discussions have sought to move the energy debate forward, with high-calibre speakers discussing a wide range of topical issues affecting the industry, both in the short and long term, against a backdrop of uncertainty and instability.

The seminars have increased in size and scope over the years, embracing, as time has passed, such related areas as global finance, sustainable development and the environment and their reputation has grown steadily. While an early seminar in 1978 was attended by some 200 participants, there was nearly four times that number over three decades later in 2012.

The very first OPEC seminar, although not part of the present series, was held in Vienna on 30 June–5 July 1969, with the topical theme of ‘International oil and the energy policies of the producing and consuming countries’.

There was then a gap of more than eight years before the next seminar, which turned out to be the first in a mini-series, listed as follows:

October 1977 — ‘The present and the future role of the national oil companies’
October 1978 — ‘Downstream operations in OPEC Member Countries: prospects and problems’
October 1979 — ‘OPEC and future energy markets’
November 1981 — ‘Energy and development; options for global strategies’

Another decade passed before there was a one-off ‘Seminar on the environment’ in April 1992, to help acquaint OPEC Member Countries with key environmental issues in the build-up to the Earth Summit in Rio de Janeiro in the June of that year.

About OPEC - The Organization of the Petroleum Exporting Countries

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on 10–14 September 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

The five Founding Members were later joined by nine other Members:

Qatar (1961);
Indonesia (1962) — suspended membership as of January 2009;
Libya (1962);
United Arab Emirates (1967);
Algeria (1969);
Nigeria (1971);
Ecuador (1973) — suspended its membership from December 1992–October 2007;
Angola (2007) and
Gabon (1975–1994).

OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. It was then moved to Vienna, Austria, on 1 September 1965.

OPEC’s objective is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.

For more information about OPEC, please visit www.opec.org.