Global Arab Network | Kuwait hosts oil & gas conference in late April

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Kuwait hosts oil & gas conference in late April

Tuesday, 20 April 2010 15:11

Kuwait Minister of Oil and Minister of Information and Chairman of the Board of Kuwait Petroleum Corporation (KPC) Sheikh Ahmad Al-Abdullah Al-Sabah opens the 18th Annual Middle East Petroleum and Gas Conference next week on the theme of "Oil Demand Recovery and Price Volatility: Growth Outlook in a Carbon Constrained World".

KPC Tuesday announced the event would kick off April 25 and last till April 27, at the J W Marriott Hotel, Kuwait City. The press release said the participants in the event represent bodies and companies in over 50 countries and the venues thus offers a platform for fertile interaction and exchange of information and expertise.

Co-presiding the event are KPC Chief Executive Officer Saad A. Al-Shuwaib and Chairman of FACTS Global Energy, USA, Fereidun Fesharaki.

Speakers include Chief Executive Officer of TOTAL, France, Christophe de Margerie, and Executive Director of Upstream International, Shell International, The Netherlands, Malcolm Brinded, as well as Chairman and CEO of Hunt Oil Company, USA, Ray L. Hunt.

On the topics to be covered, the release mentioned "Economic Recovery and Oil Demand In Middle East", "Trading, Pricing and Risk Management", as well as "Carbon Constrained World: Role of Alternative Energy Sources and Technology." The working sessions during the conference include one on Organization of Petroleum Exporting Countries (OPEC) and International Energy Agency (IEA) outlook chaired by Director of Research Division at OPEC Hasan M. Qabazard and Deputy Executive Director of the IEA Ambassador Richard H. Jones.

Closer to home, the topics of interest also include challenge facing the oil and gas sector in Kuwait, issues relating to the Kuwaiti economy, prospects of production and strategies of marketing, and securing Kuwait's energy needs in a manner that is consistent with environment preservation.

Among the other keynote speakers are Chairman and Managing Director of Kuwait Oil Company Sami F. Al-Rushaid, Chief Executive Officer of Kuwait Energy Company Sara Akbar, and Chairman and Managing Director of Oil Development Company and Managing Director of Corporate Planning at Kuwait Petroleum Corporation Hashim M. El-Rifaai.

The sponsors of the event include Bank of America, British Petroleum, Deloitte, Exxon Mobil, Total, and Vitol. (KUNA)

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