MPGC
2004 held in Bahrain with support of Ministry of Oil and BAPCO
Posted: 09 May 2004
Presidents of international oil companies, senior government officials
and heads of national oil companies in the Gulf/Middle East, top
financiers and senior executives from key organisations in the oil
and gas business will be gathering in Bahrain from May 9-11 2004,
to attend the 12th Middle East Petroleum & Gas Conference (MPGC
2004), an oil industry forum and the only annual conference of its
kind in the Middle East, which brings together the leaders of the
world petroleum industry.
Being held under the Patronage of His Excellency Shaikh Isa Bin
Ali Al Khalifa, The Minister for Oil, Kingdom of Bahrain, this is
the fourth time that MPGC is being held in Bahrain in its 12th year
history. MPGC was held in Dubai in 2003 and in Doha in 2002, prior
to this year’s event.
The event, will be addressed by more than 35 speakers in eight
discussion panels focussing on “Middle East Oil and Global
Energy Security: Rising to the Challenge”. Speakers will examine
the strategic perspectives in energy security in the short term,
impact of the political environment, future of oil supplies in the
interplay between regional and global oil markets, investment opportunities
in the upstream, downstream and petrochemical sectors, the dynamics
of attracting development capital and technology and Middle East
product trade outlook.
Key presenters and moderators include Nader Sultan, Deputy Chairman
& Chief Executive Officer of Kuwait Petroleum Corporation, Frederil
Baule, General Manager, Risk Management, TOTAl S.A, PMS Prasad,
Group President Reliance Industries Ltd, Dr Edgard Habib, Chief
Economist ChevronTexaco Corp, Mr Ian R Taylor, President of the
Vitol Group of Companies. Presentations focussing on regional issues
include BAPCO’s refinery upgrade program and rejuvenation
of its oil fields, and will be presented by Mr Abdul Karim Al Sayed,
General Manager Engineering Projects and Mr Faisal Al Mahrous, Manager
Petroleum Engineering.
A special highlight will be the session focussing on the “Status
of the Iraqi Oil Industry” with two speakers from the Ministry
of Oil in Baghdad Iraq, Dr Ahmed Al Barifcani, Advisor on Downstream
Operations and Mr Hazim Sultan, Director-General Reservoirs &
Field Developments.
The Conference Connection Inc, is also holding five other pre &
post MPGC events in the same week, ie Ninth Middle East Strategy
Briefing (MEPS '’04), Upstream Government Petroleum Contracts
(GPC ’04), the Middle East Jetfuel Conference (Mejet 2004),
The Middle East Gas & LNG Forum (MEGas ’04) and a two
day technical training course on LPG, under the auspices of The
Middle East Petroleum & Gas Week.
Commenting on the hosting of Middle East Petroleum & Gas Week
events in Bahrain, Mr Mohammed Saleh Shaikh Ali, President and Managing
Director of The Bahrain Petroleum Company (Closed) and MPGC Chairman
said “The Oil & Gas Industry is facing major challenges
both technological and economic and it needs all the efforts and
creative abilities of its leaders and people to tackle these challenges
and keep it in the lead. Over the years I found the MPGC as one
of the best forums to do this.”
Addressing important developments in global energy security issues,
Dr F Fesharaki, President of EWCI Ltd and MPGC Chairman said for
MPGC said, “The global oil market is once again experiencing
contradictory and at time , inexplicable pressures. Oil demand has
come back with a fury being fed by the US and China; the price of
oil is highest in history, at a time of no major combat.
Global energy insecurity is being fuelled by increasing oil demand
from the giant economies of China & India and the fear of spreading
international terrorism. The customary decline in oil demand in
the second quarter of 2004 has not resulted in the expected decline
in the price of oil. Meanwhile the future contribution of non-OPEC
supplies is also being put to question.
This all leads to a multi faceted and complex oil market, in which
the Middle East countries will play a key role in the puzzle. They
are committed to ensuring availability of supply at prices that
are somewhat higher than what we are used to These critical issues
as well as key issues relating to refining, petrochemical, upstream
projects, financing issues, as well as the perspectives of major
oil producing countries will be the subject of presentations and
debate at MPGC 2004.
MPGC '’04 and the Middle East Petroleum & Gas Week are
being organised by The Conference Connection Inc and hosted by The
Bahrain Petroleum Co.
The conference is co-sponsored by ChevronTexaco, Gulf Air, Shell,
ExxonMobil, the Vitol Group of Companies and Waterous & Co.,
with the Oil and Gas Journal and Khaleej Times as media sponsors.
For full information on these events see www.cconnection.org
Posted by Richard Price,
Editor Pipeline Magazine
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