Middle East Refining Technology Conference (MERTC) January 2017
|
|
- Bernadette Cunningham
- 6 years ago
- Views:
Transcription
1 _ Middle East Refining Technology Conference (MERTC) January 2017 Ladies & Gentlemen, KNPC Projects, Current Priorities and Growth Plans Good Morning It is indeed a great pleasure to participate in the inaugural Middle East Refining Technology Conference (MERTC) and address this distinguished audience. MERTC, an inaugural flagship event for Middle East, is an ideal platform for Refining & Petrochemical players to collaborate with stakeholders for Technology, Innovation & Sustainable Development. I would like to thank World Refining Association (WRA) for providing this opportunity to address this conference on KNPC Projects, Current Priorities and Growth Plans. Before I proceed to speak on the subject matter, I would like to first give a brief overview of Oil Sector in Kuwait especially KNPC. MERTC-2017, Page 1 of 14
2 _ Oil & Gas operations by the State of Kuwait are handled by Kuwait Petroleum Corporation (KPC) and it s eight Subsidiaries. In Upstream Sector, KOC & KGOC operates domestically whereas KUFPEC i.e. Kuwait Foreign Petroleum Exploration Company undertakes upstream Operations outside Kuwait. In Midstream Sector ; KNPC, that I represents, handles Domestic Refining & Marketing Operations. KPI handles International Refining & Marketing PIC handles Domestic and International Petrochemical Operations & Marketing. MERTC-2017, Page 2 of 14
3 _ KAFCO handles Domestic Aviation Fuelling operations Furthermore, just recently a new company KIPIC (Kuwait Integrated Petroleum Industries Company) has been established to manage refining, petrochemical as well as LNG import Operations for the assets located in Al-Zour area. In Midstream Sector ; KPC- International Marketing handles International Marketing of Crude and Products. KOTC i.e. Kuwait Oil Tanker Company mainly involved in the ownership and management of tankers engaged in the transport of crude oil, refined petroleum products and liquefied petroleum gases (LPG). KPC in coordination with Ministry of Energy & Water develops Kuwait s energy growth projections and fuel requirements to meet local energy demand. MERTC-2017, Page 3 of 14
4 _ KNPC as Life Line of Kuwait is; Refining & Local Marketing arm of KPC Established in 1960, focused on Marketing initially Operates integrated three complex Refineries, as a Profit centre Refining capacity: 936,000 BPD. Current Gas processing capacity with 4 trains : 2.63 Billion SCFD Manages and Operates five Marine Export facilities Operates Temporary LNG Import Facilities since 2009 Over 6,500 employees MERTC-2017, Page 4 of 14
5 _ KNPC plays a central role in the hydrocarbon value chain of Kuwait, as it is responsible for Domestic Refining & Gas Processing to satisfy the local fuel demands from Power Generation, Transportation & Domestic Industries and supply products for International market. Let me know talk about the main topic i.e. KNPC Projects, Current Priorities and Growth Plans MERTC-2017, Page 5 of 14
6 _ Higher oil prices during the period , followed by unexpected fall in oil prices have started new realities in the markets, where plans and strategies are closely re-visited. The main features of the new order are (1) lower oil revenues, (2) investments reduced significantly. This challenging environment compelled the industry to overcome the challenges for sustainable operations and future growth. I will share with you some of the priorities/strategies that we have undertaken to achieve growth in uncertain world, which would include; MERTC-2017, Page 6 of 14
7 _ Lifting subsidies for retail prices as well as electricity. From 1 st September, the price of low octane petrol has been increased by 41 percent (85 fils a litre from 60 fils,) while high-grade petrol has been increased by 61 percent (105 fils from 65 fils). The price of environmentally friendly low-emission ultra petrol has been increased by 83 percent (165 fils a litre from 95 fils). Energy efficiency as well as rationalizing of consumption. Diesel and Kerosene prices were also rationalized in Jan 2015 to reduce the subsidies in light of falling crude oil prices. Next year, subsidy for electricity will also be lifted marginally. MERTC-2017, Page 7 of 14
8 _ KNPC as a downstream arm of KPC handles crude processing at three refineries with a Gas Plant and LNG import facilities. KNPC Profitability remained under pressure due to weak prices. We have implemented a rigorous program called COPI (Cost Optimization and Profit Improvement) to optimize the costs, identify and implement profit improvement opportunities. During total of about 130 million dollars, savings were achieved. We continue to focus on the strategic Priorities related to Safety, Operational Reliability, Financial/Operational Performance, Stakeholders Management, Human Capital and Future Growth Plans. MERTC-2017, Page 8 of 14
9 _ In Accordance with KPC s long-term strategic plan, KNPC has embarked on ambitious program to implement mega projects with an investment of around 40 Billion US$. During last two years, KNPC awarded and commenced EPC of four Mega projects i.e. Clean Fuels Project (CFP), Al-Zour Refinery, LNG Import and 5 th Gas Train in addition to various other ongoing critical and operational project. I have to emphasis that relatively an acceptable level of coordination with all stakeholders, have helped to speed up major and strategic projects and we target 2020 to be the year when most of these projects will be commissioned. MERTC-2017, Page 9 of 14
10 _ Our stakeholders includes; the government, the parliament, the media, the Kuwaiti public, the audit entities, the minister, the board and the management. We are exploring new means for financing future strategic projects to promote accountability and self-discipline within the organization. To meet the capital requirements KPC/KNPC had decided to go for Corporate Financing for CFP (Clean Fuels Project). Clean Fuel Project, is to upgrade existing Refineries into an integrated refining complex meeting the future diversified market requirements while maintaining high Safety and Environmental standards. MERTC-2017, Page 10 of 14
11 _ The financing comprises of a combination of commercial financing from Local and International (Conventional and Sharia Compliant) banks and ECAs (Export Credit Agencies) supported Finance. Early this year, a tranche loan of KD 1.2 Billion with local banks NBK and KFH has been concluded and the balance requirement from the international banks is expected to be finalized by end of this financial year. KNPC plays a vital role in meeting Kuwait Energy demand. Local energy demand is expected to grow significantly for power generation by around 6% annually. Demand for electricity more than doubled between 2003 and MERTC-2017, Page 11 of 14
12 _ Kuwait has one of the highest energy consumption rates per capita in the world. This is a result of a combination of factors, which are extreme weather conditions, heavy government subsidies of electricity, an increasing population, and energy-intensive water desalinization plants. To meet the Kuwait energy demand, KNPC is implementing two major projects: Al-Zour refinery project will be one of the largest grass-root refinery in the world. This project will meet the Low Sulfur Fuel requirement for power plants. The Refinery is in the execution phase and is expected to be completed by Dec MERTC-2017, Page 12 of 14
13 _ Al-Zour LNG Import facilities project, having capacity of 3000 BBTU/Day. EPC Contract singed this year in March 2016, and is expected to be completed by February LNG imports is a step towards climate change agenda that soared an importance in recent years, especially after the Paris COP21 in December The Al-Zour Refinery complex is an integrated Refinery Petrochemical complex having the LNG Import Facilities as well. As I have highlighted earlier a new company is recently formed to operate these assets. Kuwait Crude Capacity will be 1.4 million b/d by 2020, 51% increase from current capacity. This would enhance the refining complexity and improve refining margins. Further, to effectively utilize the upstream gas production, 4 th Gas train project is commissioned in this financial year. The 5 th Gas train project EPC Contract was awarded in June 2015, and is expected to be completed by July KNPC continues to play leading role in the development of Kuwait economy, and in order to further boost the Economy of the State of Kuwait. Now I wish to briefly discuss the road towards stable and balanced oil markets; 1. Oil prices have recovered following last Algeria OPEC Ministerial meeting where OPEC had agreed on a ceiling of million barrels per day and thereafter OPEC announcement of production cut of about 1.2 Million Bbl/day during end November 16 and an MERTC-2017, Page 13 of 14
14 _ agreement with Non-OPEC countries in December 16 for a production cut of about 558,000 Bbl/day. 2. We believe that this international commitment by OPEC and NON OPEC and an effective cooperation to implement the agreement would rebalance the markets again. 3. The recovery towards rebalance has started, but we need to understand that the surplus will need more time to be drawn. I am confident that second half of 2017 will show the rebalance. 4. The price level is the product of market developments and fundamentals, and I believe that $ 50+ per barrel is a level that will continue with us probably until next year. However, $ 60 per barrel is likely to be also there but subject to continued draw down in the stocks. 5. The $ 70 per barrel is not there until the market absorbs the additional crude expected from Libya, Nigeria, possibly Iraq and Iran. With the implementation of mega projects, I am sure KNPC will be in a position to capitalize on the market opportunities and meet the challenges ahead in order to be among the regional leaders in the middle-east refining sector. Furthermore, prices have to recover to levels that will encourage investments. Having two years of reduction in investments' allocations for upstream on global basis will certainly not be for the well-being of the industry, and hence oil prices will need to recover to the acceptable levels that would stimulate adequate future investments. With this, I thank you all and special thanks for inviting me to MERTC MERTC-2017, Page 14 of 14
Middle East: Why do major crude exporters continue to add capacity?
Middle East: Why do major crude exporters continue to add capacity? Presentation by Khaled Mubarak Al-Mushaileh Vice President Europe Kuwait Petroleum International 30 th September 2016 Slide 1 About the
More informationKPC s Role in Meeting Kuwait s Energy Challenges. January 2018
KPC s Role in Meeting Kuwait s Energy Challenges January 2018 Outline 1 2 3 4 5 6 Overview Security of Supply Price Volatility Security of Demand War for Talent Domestic Demand Kuwait Petroleum Corporation
More informationKuwait Petroleum Corporation. K-LEAD Journey to the Corporate Academy
Kuwait Petroleum Corporation K-LEAD Journey to the Corporate Academy Japan Cooperation Center, Petroleum (JCCP) Human Resources Development for the future of Oil Industry Presented by: Husain Sanasiri
More informationENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1395 CHAPTER
ECONOMIC REPORT AND BALANCE SHEET 395 CHAPTER 3 C rude oil prices followed a fluctuating trend in the international market in 206, bringing the total average price of each barrel to less than 205 levels.
More informationKIPIC. Energising Kuwait by Making More possible.
KIPIC. Energising Kuwait by Making More possible. In everything we do, we inspire a core belief; to make more possible. From nurturing a culture of operational excellence and corporate responsibility,
More informationImplementing a Global Best Practice Review for National Custody Transfer
Implementing a Global Best Practice Review for National Custody Transfer DAVID FISHER 3Q Measurement Services, Over 30 years experience spanning all aspects of measurement in the hydrocarbon supply chain
More informationDiversity and Inclusion in the Energy Sector: The Kuwait Journey. by Hosnia S. Hashem Deputy Chief Executive Officer Olefins and Aromatics
Diversity and Inclusion in the Energy Sector: The Kuwait Journey by Hosnia S. Hashem Deputy Chief Executive Officer Olefins and Aromatics October 2016 Outline Introduction Kuwait Oil and Gas industry highlights
More informationSPEECH BY: H.E ENG. TAREK EL MOLLA Minister Of Petroleum And Mineral Resources
Z SPEECH BY: H.E ENG. TAREK EL MOLLA Minister Of Petroleum And Mineral Resources May, 2017 Content Oil & Gas Sector from 2011 till 2017. Oil & Gas Modernization Project. Oil and Gas Sector Strategic Pillars
More informationIran Post Sanctions: How Much Oil will Hit the Market? New York 28 September 2015
Iran Post Sanctions: How Much Oil will Hit the Market? New York 28 September 2015 INTRODUTION Iran and the P5+1 have agreed on a framework to put an end to the dispute over Iran s nuclear program; Once
More informationKuwait Petroleum International Corporate Brochure 2017
Kuwait Petroleum International Corporate Brochure 2017 Luxembourg ltaly Sweden Belgium United Kingdom The Netherlands WWW.Q8.COM www.q8.com Kuwait Petroleum: who we are Operating under the Q8 brand, Kuwait
More informationA fully integrated company in the 21st century where next? Graham van t Hoff, Executive Vice President, Shell Chemicals Dubai, 29 November 2016
A fully integrated company in the 21st century where next? Graham van t Hoff, Executive Vice President, Shell Chemicals Dubai, 29 November 2016 1. (Your excellencies), distinguished guests, ladies and
More informationConventional Energies (Oil & Gas)
13 Conventional Energies (Oil & Gas) 162 Conventional Energies (Oil & Gas) Conventional Energies (Oil & Gas) I. History and Background The first documented systematic oil exploration and drilling in Iran
More informationShort-Term and Long-Term Outlook for Energy Markets
Short-Term and Long-Term Outlook for Energy Markets Guy Caruso Administrator, Energy Information Administration guy.caruso@eia.doe.gov Fueling the Future: Energy Policy in New England December 2, 25 Boston,
More informationThe Changing Geopolitics of Energy - Part IV
CSIS Center for Strategic and International Studies 18 K Street N.W. Washington, DC 26 (22) 775-327 The Changing Geopolitics of Energy - Part IV Regional Developments in the Gulf and Energy Issues Affecting
More informationSpeech by H.E. Eng. Tarek Kabil Minister of Trade and Industry
Speech by H.E. Eng. Tarek Kabil Minister of Trade and Industry February 20 th, 2016 Page 1 of 11 Mr. Gerard Larcher, President of Senate Excellencies Distinguished Guests Ladies and Gentleman At the outset,
More informationMINISTER S SPEECH. Fourth Asian Round Table in Kuwait City ENERGY PRICE VOTALITY 18 th April 2011.
MINISTER S SPEECH Fourth Asian Round Table in Kuwait City ENERGY PRICE VOTALITY 18 th April 2011. His Excellency, Minister of Oil and Minister of Information, State of Kuwait, Honorable Chair, Honorable
More informationRegional Energy Trade and The Refining Industry in Northeast Asia
15 th Northeast Asia Economic Forum September 5 7, 2006, Khabarovsk, Russia Energy Session Regional Energy Trade and The Refining Industry in Northeast Asia Kensuke Kanekiyo Managing Director The Institute
More informationGood morning ladies and gentlemen
Good morning ladies and gentlemen I am here today to talk about the imperatives of mobilizing investment for domestic oil and gas supply to help secure Indonesia s energy security and independence which
More informationPublished on Market Research Reports Inc. (https://www.marketresearchreports.com)
Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Nigeria Oil and Gas Market Insight and Outlook Report (H2 2015) - Forecasts of Exploration, Production, Refinery,
More informationKEYNOTE ADDRESS BY GNPC CEO, ALEXANDER K-M MOULD
KEYNOTE ADDRESS BY GNPC CEO, ALEXANDER K-M MOULD TOPIC: GNPC, THE CRITICAL CATALYST FOR GHANA S DRIVE TOWARDS ENERGY SUSTAINABILITY GNPC APRIL 20, 2016 1 P a g e Theme: Driving Ghana s Oil, Gas, Power
More informationENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1391 CHAPTER
ECONOMIC REPORT AND BALANCE SHEET 39 CHAPTER 3 I n 202 and the first quarter of 203, international crude oil prices followed a fluctuating trend. A host of factors were responsible for the fluctuations
More informationKPC WORLD. Mina Al-Ahmadi Refinery is one of the largest refineries in the world
In This Issue KPC WORLD 4 12 26 Nawaf Saud Nasser Al-Sabah: Different vision to transform KUFPEC from an investment arm to a strategic link to Kuwait 32 Abdulaziz Sajer: Deep wells contain large quantities
More informationDevelopment of Natural Gas Industry in South America - Trinidad and Tobago
THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO Development of Natural Gas Industry in South America - Trinidad and Tobago FIESP 14 th International Energy Conference, Sao Paulo Brazil August 5,
More information387th IEEJ Research Report Meeting Summary June 15, 2004
387th IEEJ Research Report Meeting Summary June 15, 2004 Recent International Political/Economic Situation and Oil Price Trends - Keynote Speech: Background Factors of the Recent Steep Rise in Oil Price
More informationModular Refinery Funding PITCH Presentation GENERIC EXAMPLE. WRENConsultingLimited
Modular Refinery Funding PITCH Presentation GENERIC EXAMPLE This is an example: Modular Refinery can be between 5,000 and 20,000 bpd. This presentation is showing you just what a 5,000 bpd refinery could
More informationENERGY. Responding to the Upstream Boom
ENERGY Responding to the Upstream Boom CURRENT OPPORTUNITIES AND CHALLENGES IN MIDSTREAM/LNG 1 GROWTH Responding to demand for new and expanded oil and gas processing, transportation and storage following
More informationPETROLEUM SECTOR. V{tÑàxÜ g{üxx
PETROLEUM SECTOR V{tÑàxÜ g{üxx PETROLEUM SECTOR International oil price which was relatively weak in 2001 was largely reversed in early 2002 due to the combined effect of revival of demand and production
More informationAchieving results through strategic ERM maturity. Tuesday, April 12, :15am 11:15am
Achieving results through strategic ERM maturity Tuesday, April 12, 2016 10:15am 11:15am Speakers Iman Al-Gharabally ERM Team Leader Chris Mandel SVP Strategic Solutions Today s agenda Introductions, overview
More informationGood morning ladies and gentlemen and thank your for the introduction. Trends and Opportunities in the Indonesian Oil and Gas sector
Good morning ladies and gentlemen and thank your for the introduction The title of my presentation today is: Trends and Opportunities in the Indonesian Oil and Gas sector 1 To convey my message and provide
More informationNNPC. Monthly Report. Financial and Operations Report
NNPC Monthly Report Financial and Operations Report August 215 Outline 1. Introduction 2. National Crude Oil & Natural Gas Production, Lifting and Utilization 3. Plants Operations 4. Petroleum Product
More informationBusiness Overview. Fiscal 2016 Financial Results Briefing May 11, Masayuki Sato. Chairman and Representative Director
Business Overview Fiscal 2016 Financial Results Briefing May 11, 2017 Masayuki Sato Chairman and Representative Director 1/10 Contents 1. Project Orders for FY2016 2. Outlook for the Plant Market 3. Target
More informationTestimony to the U.S. Senate Committee on Energy and Natural Resources
Testimony to the U.S. Senate Committee on Energy and Natural Resources May 15, 2007 Kevin J. Lindemer Executive Managing Director, Global Energy Group Global Insight Advisory Services Division E-mail:
More informationPublished on Market Research Reports Inc. (https://www.marketresearchreports.com)
Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Iraq Oil Gas Industry Analysis and Forecast Report (Q1 2016) - Supply, Demand, Investments, Competition and Projects
More informationCertificate in Global Oil and Gas Management. Upstream through Downstream Sep 2018, Houston Nov 2018, London Dec 2018, Dubai
17-28 Sep 2018, Houston 12-23 Nov 2018, London 09-20 Dec 2018, Dubai Introduction Oil & gas are vital sources of energy for the world because of its availability, versatility and reliability and will likely
More informationPresentation. at the. Bank of Canada. Ottawa, 21 July Antoine Halff
Presentation at the Bank of Canada Ottawa, 21 July 2014 Antoine Halff The oil market at a junction Balances loosen up on paper but must be seen in perspective The unconventional supply revolution enters
More informationPolicy & Economic Report - Oil & Gas Market
January 2018 Policy & Economic Report - Oil & Gas Market Federation of Indian Petroleum Industry (FIPI) 3rd Floor, PHD House, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016 Table
More information3-1. Effect of Crude Oil Price Drop on the Global Energy Market
APERC Workshop at EWG52 Moscow, Russia, 18 October, 2016 3-1. Effect of Crude Oil Price Drop on the Global Energy Market James Kendell Vice President, APERC Background and outline of the study Background
More informationOil Supply and Demand. Student s Name. Institution Affiliation. Course. Date
Running Head: SUPPLY AND DEMAND Oil Supply and Demand Student s Name Institution Affiliation Course Date SUPPLY AND DEMAND 2 Article Summary The article discusses the recent oil price fluctuations and
More informationChapter 1 Oil in Southeast Asia
Chapter 1 Oil in Southeast Asia 1.1 ASEAN 1.1.1 Demand and Supply Oil demand in the Association of Southeast Asian Nations (ASEAN) is expected to grow rapidly for the foreseeable future. At 4.4 million
More informationAgricultural Outlook Forum Presented: February 26-27, 2009 U.S. Department of Agriculture. Energy
Agricultural Outlook Forum Presented: February 26-27, 2009 U.S. Department of Agriculture Energy Aaron Brady Director, Global Oil Cambridge Energy Research Associates, Inc. 1 Energy Aaron Brady Director,
More informationEffect of Crude Oil Price Drop on the Global Energy
2016/EWG52/WKSP1/003 Effect of Crude Oil Price Drop on the Global Energy Submitted by: APERC Asia Pacific Energy Research Centre Workshop Moscow, Russia 18 October 2016 APERC Workshop at EWG52 Moscow,
More informationC H A L L E N G E S I N T H E I N D U S T R Y
HDSA Wholesalers CHALLENGES IN THE INDUSTRY Liquid Fuels Charter Salient Features Procurement Target for 2010 = 25% of local preferential procurement must be with BEE suppliers. Ownership A quarter of
More informationChina s Oil Supply Security: Imports, Strategic Stockpiling and Overseas Investment
China s Oil Supply Security: Imports, Strategic Stockpiling and Overseas Investment Dr. Kang Wu Senior Fellow Presentation at CHINA ENERGY ISSUES IN THE 12TH FIVE YEAR PLAN AND BEYOND CONFERENCE Organized
More informationUnleaded Regular Gasoline
Unleaded Regular Gasoline Final Report US Gas Market Ben Sheridan Prepared for AGBM 420 April 28, 2016 1 PAGE INDEX Cover Letter: Page 1 Page Index: Page 2 Introduction and Overview: Page 3 Intertemporal
More informationWELCOME AND INDUSTRY ADDRESS DELIVERED AT GhIPCON 2015 BY THE CEO OF THE GHANA CHAMBER OF BULK OIL DISTRIBUTORS
Your Excellency, the Vice President of Ghana, Kwesi Bekoe Amissah-Arthur, the Hon. Minister of Petroleum, the Hon. Minister of Finance, the Hon Deputy Minister of Petroleum, the Chief Executive of the
More informationFuel Focus. National Overview. In this Issue. Recent Developments. Volume 2, Issue 10 May 25, 2007
Fuel Focus Volume 2, Issue 1 May 2, 7 National Overview Strong Wholesale Gasoline Prices Maintain Upward Pressure on the Retail Side Figure 1: Crude Oil and Regular Gasoline Price Comparison (National
More informationIEA analysis of fossil-fuel subsidies for APEC
IEA analysis of fossil-fuel subsidies for APEC Marco Baroni Office of the Chief Economist International Energy Agency Kaohsiung, Chinese Taipei, 18 October 2011 Mtoe Policies could dramatically alter the
More informationStatus of the Energy Industry in the Middle East & North Africa (MENA) Region
Status of the Energy Industry in the Middle East & North Africa (MENA) Region Presented by Eng. Azmi Al-Said Khreisat econ@orange.jo USA (April/2013) Middle East & North Africa (MENA) Region Oil and Gas
More informationBrunei Darussalam Country Report
Chapter 3 Brunei Darussalam Country Report September 2016 This chapter should be cited as Energy and Industry Department of Prime Minister s office (2016), Brunei Darussalam Country Report, in Kimura,
More informationFINDINGS, SUGGESTIONS AND CONCLUSION
CHAPTER-VIII FINDINGS, SUGGESTIONS AND CONCLUSION.. 8.1 Major Findings of the Research This study has analyzed the economic aspects of petroleum during the pre-reform (1970-1990) and reform (1990-2010)
More informationCORPORATE PROFILE QAMAR ENERGY
CORPORATE PROFILE QAMAR ENERGY ROBIN MILLS, CEO Robin is an expert on Middle East energy strategy and economics, described by Foreign Policy as "one of the energy world's great minds". He is the author
More informationFROM RAILROAD COMMISSIONER RYAN SITTON
2018 E N E R G Y M A R K E T O U T L O O K FROM RAILROAD COMMISSIONER RYAN SITTON TABLE OF CONTENTS 2018 ENERGY MARKET OUTLOOK Summing up the analysis contained in this report in a few sentences, my prediction
More informationChania, Clean Energy for EU Islands initiative - Inaugural forum. Opening address
Chania, 22.09.2017 Clean Energy for EU Islands initiative - Inaugural forum Opening address Dear Prime Minister Tsipras, Dear Minister Stathakis, Dear Ministers, Honourable Members of Parliaments, Presidents
More informationDevelopment. and. Further
03 TowardGrowth Further Development and The Osaka Gas Group is actively investing in areas aimed at expanding new businesses as part of efforts to realize its long-term management vision and mediumterm
More information2016 ANNUAL AND CORPORATE RESPONSIBILITY REPORT RISK MAP PERIOD
2016 ANNUAL AND CORPORATE RESPONSIBILITY REPORT RISK MAP PERIOD 2017-2021 STRATEGIC AND PLANNING RISKS Related to Corporate Responsibility and Sustainability, external factors such as the economic situation,
More informationSTATE OF THE MARKET: RENEWABLE ENERGY PROJECTS IN KUWAIT 1
STATE OF THE MARKET: RENEWABLE ENERGY PROJECTS IN KUWAIT Copyright 2015 IQPC Middle East. All rights reserved. WWW.KSECONFERENCE.COM STATE OF THE MARKET: RENEWABLE ENERGY PROJECTS IN KUWAIT 1 Produced
More informationPublished on Market Research Reports Inc. (https://www.marketresearchreports.com)
Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Tanzania Oil Gas Industry Analysis and Forecast Report (Q1 2016) - Supply, Demand, Investments, Competition and
More informationIn Confidence. Expanding the purpose of existing energy levies to fund activities of the Energy Efficiency and Conservation Authority
In Confidence Office of the Minister of Energy and Resources Office of the Associate Minister for Climate Change Issues Chair, Cabinet Economic Growth and Infrastructure Committee Expanding the purpose
More informationLeading-edge energy consulting and advisory. Our professionals have more than 20 years of energy experience. Experience across the energy value chain
QAMAR ENERGY Qamar Energy provides leading-edge strategy, commercial and economic consulting across the energy spectrum Leading-edge energy consulting and advisory Our professionals have more than 20 years
More informationSupport across the value chain. Expertise for Offshore Renewables Projects. rpsgroup.com/downstream
Downstream Consultancy Support across the value chain Expertise for Offshore Renewables Projects rpsgroup.com/downstream 2 Downstream Consultancy RPS Energy a global energy consultancy n RPS Energy is
More informationIn The Name Of God Iran s Iran Evolving Role Evolving within Role Global within Oil Global
In The Name Of God Iran s Evolving Role within Global Oil Presented by: S.M. Ghamsari Director of NIOC International Affairs And Member of the Board September 2016 Singapore Outline: Major Characteristics
More informationShort Term Energy Outlook March 2011 March 8, 2011 Release
Short Term Energy Outlook March 2011 March 8, 2011 Release Highlights West Texas Intermediate (WTI) and other crude oil spot prices have risen about $15 per barrel since mid February partly in response
More informationOptimum Capacity Installation of Renewable Energy for Electricity Generation in Kuwait by 2035
Optimum Capacity Installation of Renewable Energy for Electricity Generation in Kuwait by 2035 Osamah Alsayegh, Sa ad AlJandal and Fareed AlGhimlas Energy & Building Research Center (EBRC) Kuwait Institute
More informationYour Gateway to Middle East and Africa
Your Gateway to Middle East and Africa Coordinated by : Investors meet on 18th Januray 2018 - Thursday at Shagrila Bar Al Jissah" College of Banking and Financial Studies Muscat Chapter of the Institute
More informationCOMPANY PROFILE. seypec.com
COMPANY PROFILE seypec.com Our Company The Seychelles Petroleum Company Limited (SEYPEC) was created by the Government of Seychelles on the 02nd of April 1985. At the time, the Government recognized the
More information15 TH ANNUAL EAST AFRICAN POWER INDUSTRY CONVENTION
15 TH ANNUAL EAST AFRICAN POWER INDUSTRY CONVENTION Safari Park Hotel Nairobi, Kenya 10 th September, 2013 Development Plans and Goals for Energy Supply in East Africa: Making the Vision a Reality: The
More informationREQUEST FOR EXPRESSIONS OF INTEREST
REQUEST FOR EXPRESSIONS OF INTEREST AFRICAN DEVELOPMENT BANK Immeuble CCIA, Abidjan, Côte d Ivoire African Natural Resources Center E-mail: M.HARRATHI@AFDB.ORG Telephone: +225 20 26 32 13 Department issuing
More informationBeyond the Horizon (FY ) New Medium-Term Business Plan. - 1st Stage of Growth Strategy Toward Attaining the Corporate Vision - Masayuki Sato
New Medium-Term Business Plan (FY2016-20) - 1st Stage of Growth Strategy Toward Attaining the Corporate Vision - Masayuki Sato Chairman and Representative Director JGC Corporation May 12, 2016 Contents
More informationIraq s Upstream Industry The Building Blocks of an Oil Giant. Thamir A. Ghadhban Chairman of the Advisory Commission, Prime Minister s Office Iraq
Iraq s Upstream Industry The Building Blocks of an Oil Giant Thamir A. Ghadhban Chairman of the Advisory Commission, Prime Minister s Office Iraq IRAQ PETROLEUM 2011 LONDON 1 Mr. Chairman, Distinguished
More informationJapan-GCC States Interdependence through * Energy Security and Investment. Japan-GCC States Interdependence through Energy Security and Investment
Japan-GCC States Interdependence through * Energy Security and Investment Dr. Tsutomu Toichi Senior Managing Director & CKO It is a great honor for me to have this opportunity to make a presentation on
More informationYour excellencies the ministers, distinguished delegates, colleagues, ladies and gentlemen,
The UN Agenda 2030 for Sustainable Development Ren Wang, Assistant Director General, FAO Your excellencies the ministers, distinguished delegates, colleagues, ladies and gentlemen, Last year has seen two
More informationPower & Politics Navigating the Changing Vision of Our Energy Future. Rayola Dougher, API Senior Economic Advisor,
Power & Politics Navigating the Changing Vision of Our Energy Future Rayola Dougher, API Senior Economic Advisor, dougherr@api.org U.S. oil and natural gas production is increasing as a result of technological
More informationQuarterly Oil Market Update. Volatility Returns to Oil Markets
Quarterly Oil Market Update Volatility Returns to Oil Markets Summary Both OPEC and non-opec cuts are contributing to a reduction in global oil balances. Latest OPEC data shows that crude oil production
More informationTransforming the Nigerian Economy through Energy Projects. Presentation by Wale Tinubu Group Chief Executive February 2011
Transforming the Nigerian Economy through Energy Projects Presentation by Wale Tinubu Group Chief Executive February 2011 Agenda 1. The Global Energy Environment 2. The African Upstream Environment 3.
More informationSAMSUNG ENGINEERING. IR Presentation 2011
SAMSUNG ENGINEERING IR Presentation 2011 Contents 01 ㅣ Business Update 02 ㅣ Investment Highlights 03 ㅣ Appendix Business Portfolio Business Update ㅣ 01 Hydrocarbon Refinery CDU/VDU Heavy Oil Upgrading
More informationSinopec achieved stable production and operations; Dividend payout ratio exceeded 50%
Sinopec announces 2014 full year results Sinopec achieved stable production and operations; Dividend payout ratio exceeded 50% Beijing, People s Republic of China (PRC) 22 March, 2015 China Petroleum &
More informationOil & Gas Key Trade and Development Issues: an OPEC Perspective
UNCTAD Secretary-General's High-Level Multi-Stakeholder Dialogue on Commodities in the context of UNCTAD XII 28-29 January 2008 Oil & Gas Key Trade and Development Issues: an OPEC Perspective By Mr. Francis
More informationNew Zealand Trade and Enterprise
Annual Review briefing to the Commerce Committee New Zealand Trade and Enterprise 1 2015/16 Financial Year 9 February 2017 2 2 Assistance to the Committee The Commerce Committee is conducting an annual
More informationPETROLEUM SECTOR. Crude Oil
PETROLEUM SECTOR During 2000 the international oil market witnessed remarkable developments on both supply and demand sides. The most important of such developments was the OPEC decision to increase the
More information38th Annual Alaska Resources Conference
38th Annual Alaska Resources Conference November 16, 2017 Keith Meyer 1 AGDC JOINT AGREEMENT Pence 2 PRESENTATION OVERVIEW Alaska LNG system economic overview. China agreement; implications for Alaska
More informationWeak Oil Prices and the Global Economy
Journal of Economics and Public Finance ISSN 2377-1038 (Print) ISSN 2377-1046 (Online) Vol. 2, No. 2, 2016 www.scholink.org/ojs/index.php/jepf Weak Oil Prices and the Global Economy Mehdi S. Monadjemi
More informationReality Math Dot Sulock, University of North Carolina at Asheville
Reality Math Dot Sulock, University of North Carolina at Asheville World Oil II 1. US Oil Imports At the time of this graph, the US imported about 60% of its oil. Where we import this oil from is shown
More informationUS Oil and Natural Gas Perspective
Presentation to the WEC-Mexican Committee 31 January 2018 US Oil and Natural Gas Perspective Guy Caruso Senior Advisor 1 Source: EIA 2 US Perspective: from Resource Scarcity to. - US is heading towards
More informationThe changing oil value chain: Implications for security of supply INTRODUCTION
The changing oil value chain: Implications for security of supply POLINARES is an EU-funded research project exploring global challenges in the competition for natural resources and proposing new approaches
More informationUNFCCC WORKSHOP ON ECONOMIC DIVERSIFICATION (Tehran, Iran (18-19 October 2003)
UNFCCC WORKSHOP ON ECONOMIC DIVERSIFICATION (Tehran, Iran (18-19 October 2003) PROFILE OF QATAR S MACROECONOMY WITH EMPHASIS ON EFFORTS TO DIVERSIFY THE OIL AND GAS INDUSTRIAL SECTOR SUBMISSION BY THE
More informationGlobal Gasoline, Global Condensate and Global Petrochemical Markets to 2020 and How much naphtha will end up in gasoline blending?
Study Prospectus Nexus - The Interaction Between: Global Gasoline, Global Condensate and Global Petrochemical Markets to 2020 and 2025 Can I export more naphtha? Should I build a splitter? Should I build
More informationPANEL DISCUSSION PAPER BY : HON GABRIEL. KAPRIS, MP, MINISTER FOR COMMERCE & INDUSTRY, PAPUA NEW GUINEA
PACIFIC ENERGY SUMMIT Unlocking the Potential of Natural Gas in the Asia Pacific. 1. Overview Papua New Guinea (PNG), lies south of the equator, 150 kilometers north of Australia, sharing border with the
More informationWeekly Geopolitical Report
1900 1906 1912 1918 1924 1930 1936 1942 1948 1954 1960 1966 1972 1978 1984 1990 1996 2002 2008 Weekly Geopolitical Report By Kaisa Stucke November 10, 2014 Manufacturing Renaissance? Falling energy prices
More informationSubmission by the Canadian Association of Petroleum Producers. to the. Standing committee on Transport, Infrastructure and Communities
Bill C-48 An Act respecting the regulation of vessels that transport crude oil or persistent oil to or from ports or marine installations located along British Columbia s north coast Submission by the
More informationThe Market in The International Oil Market. The Market in The Market today. A paradigm shift
The Market in 2004 The International Oil Market A paradigm shift Presentation by Anthony D Owen Reserve Bank of Australia, 10 May 2006 Surplus production capacity dropped sharply as a result of a sharp
More informationIran Energy Database. Address: 1629 K St NW, Suite 300, Washington, DC Tel: Fax:
Iran Energy Database Email: info@svbenergy.com Address: 1629 K St NW, Suite 300, Washington, DC 20006 Tel: +1 202 600 7831 Fax: +1 202 331 3759 About US SVB Energy International LLC (SVBEI) is a Washington
More informationLNG Producer - Consumer Conference 2012 Development of New LNG Supply Sources Joe Geagea President, Gas and Midstream September 19, 2012 Tokyo 2012 Ch
Development of New LNG Supply Sources Joe Geagea President, Gas and Midstream September 19, 2012 Tokyo Cautionary Statement CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE
More informationIEF Industry Advisory Committee Workshop 27 th February,2018 India Energy & Oil demand Outlook
IEF Industry Advisory Committee Workshop 27 th February,2018 India Energy & Oil demand Outlook Dr. R.K. Malhotra Director General Federation of Indian Petroleum Industry Contents Global economy outlook
More informationThomas A. Petrie, CFA Petrie Partners, Chairman
Spring Symposium Austin, TX February 10, 2017 The Future of the Oil and Gas Industry: Peak Oil or Peak Demand What s on the Horizon? Thriving in the New Commodity Price Dynamic Thomas A. Petrie, CFA Petrie
More informationCORPORATE PROFILE QAMAR ENERGY 18-19
CORPORATE PROFILE QAMAR ENERGY 18-19 ROBIN MILLS, CEO Robin is an expert on Middle East energy strategy and economics, described by Foreign Policy as "one of the energy world's great minds". He is the
More informationOman Last Updated: August 2009
Page 1 of 6 Oman Last Updated: August 2009 Oman is a significant non-opec oil exporter. Background Oman s economy is heavily reliant on oil exports for revenue, though diversification into natural gas
More informationSIEPR policy brief. Lower Oil Price Volatility for a Smooth Transition to a Green Energy Future. About The Author. By Frank A.
SIEPR policy brief Stanford University June 2006 Stanford Institute for Economic Policy Research Lower Oil Price Volatility for a Smooth Transition to a Green Energy Future By Frank A. Wolak For the past
More informationIndonesia s $120 Billion Oil and Gas Opportunity
Indonesia s $120 Billion Oil and Gas Opportunity By Alex Dolya, Asheesh Sastry, Eddy Tamboto, and Fadli Rahman It s a prize within reach: between $90 billion and $120 billion of additional GDP over the
More informationReport 2014/15. A Message of Sustainable Growth. Kuwait National Petroleum Company
Report 2014/15 A Message of Sustainable Growth Kuwait National Petroleum Company His Highness Sheikh Sabah Al Ahmed Al Jaber Al Sabah Amir of the State of Kuwait His Highness Sheikh Nawaf Al Ahmed Al
More informationJODI-Gas Data Reporting System, Quality Assessment
JODI-Gas Data Reporting System, Quality Assessment By Mr. Majid Badihi, Computer System Analyst(Acting Head DISD) and Mr. Mohamed Arafat, Databank Analyst Joint Organisations Data Initiative (JODI) 11
More information