- ADNOC to support MPGC 2018, with Mr Abdulla Salem Al Dhaheri as co-chair.
- KPC CEO, Mr Nizar Al Adsani; IOC Chairman, Mr Sanjiv Singh; CEPSA CEO, Mr Pedro Miro Roig; BP Global Energy Trading CEO, Mr Alan Haywood to lead Keynote Addresses.
- Vitol, BGN International, Dubai Mercantile Exchange and S&P Global Platts confirmed as sponsors.
Organisers Conference Connection, have confirmed that the 26th Annual Middle East Petroleum & Gas Conference (MPGC 2018) will kick off from 22nd – 24th April 2018 in Abu Dhabi, UAE
include: Dr Bakheet Al Katheeri, CEO Mubadala Petroleum, Mr Christopher Bake, Executive Committee and Head of Origination, Vitol, Mr Yuiji Saita, Senior Vice President, JXTG Nippon Oil & Energy and top industry analysts, Dr Edward L. Morse, Global Head of Commodities, Citi Research, Dr Jeffrey Currie, Global Head of Commodities Research, Goldman Sachs, Mr David Fyfe, Chief Economist, Gunvor Group, Switzerland; Mr Paul Horsnell, Head of Commodities Research, Standard Chartered Bank, UK, and Mr Dave Ernsberger, Global Head of Energy Pricing, S&P Global Platts, UK.
MPGC 2018 is the anchor event of the Middle East Petroleum & Gas Week (MPGC Week2018), which will convene from 21 to 26 April 2018 and is an established oil and gas platform for knowledge sharing and networking. MPGC Week 2018 will bring together eight optional events - conferences, executive briefings, courses, and global workshops - running back-to-back in one location in one week for optimal learning and networking opportunities. More than 600 delegates from 60 countries are expected to attend the week’s activities. All MPGC Week events are organized by The Conference Connection Inc in partnership and strategic alliances with key industry groups.
Dr. Fereidun Fesharaki, Chairman of FGE, leading oil and gas industry advisors for the Middle East and Asia and Co-Chairman of MPGC 2017 said, “The oil market has entered into a new phase. Market share policy is supplemented by market management policy. The historic OPEC decision to cut production by 1.2 mmb/d in late November supported by the non-OPEC commitment of some 600 kb/d have impacted oil prices dramatically. Continuation of the agreement till end 2018 may well see prices in the US$65-70 range, incentivizing large new shale oil production. Meanwhile oil demand continues to be strong with some 1.5 mmb/d of growth expected in 2017. The refining business seems poised for a smooth ride over the next few years, but there is likely to be another round of refinery construction in Asia and the Middle East. The IMO bunkering regulation putting a sulfur cap of 5,000 ppm (0.5%) is creating a turmoil in the market and many options to respond to this dramatic change are on the table. The natural gas market faces a different set of challenges with re-balancing for LNG taking much longer than oil markets. The upstream projects in Iran are in full swing, but all may be impacted by President Trump’s policy, while Iraq continues to expand output in the face of political and economic challenges. MPGC 2018 will address and critique all these issues and more.”
The organizers, Conference Connection commented "MPGC and MPGC Week will return to Abu Dhabi in 2018 once again with the support of ADNOC, following the success of MPGC Week 2017 which brought together leading personalities in the crude and product markets for dialogue, discussion and networking. MPGC Week 2018 will deliver a renowned intellectual platform and synergistic relationships across the supply chain of oil industry verticals. We hope to welcome all key stakeholders, including national oil company hosts and their partners in upstream, midstream and downstream, the crude/product and LNG trading community, the supply and service sector and others who support the event as speakers, sponsors, exhibitors and participants to MPGC, which delivers a diversity of key interests and abundant opportunities for both knowledge sharing and premium networking".