10.00 - 12.15

Upstream Geopolitics: Axis of ... Oil? (Energy Summit)

(Hotel Schweizerhof, Dining Room)

 

 

Upstream Geopolitics: Axis of ... Oil?

Bringing hydrocarbons to the markets is a big adventure with over 100 years of history. The dynamics of geopolitics are changing and so are market regimes and investment frameworks. The trend towards resource nationalism was tangible in the 20th century over a number of oil crises. Climate change and peak oil debates have brought the global energy security challenge to the forefront of international relations.

1) What policies are to be taken by the stakeholders to manage the current geopolitical trends in the energy sector? How will the current trend of the IOC-NOC power shift affect energy geopolitics?

2) What are the implications of protectionism measures in the EU and re-nationalization in the energy sector in other regions for the global energy scenarios?

3) Free market or political market? Can high prices direct investments as efficiently as markets would like to?

 

Discussion Leaders

Ilham Aliyev, President of Azerbaijan

Chen Tonghai, Chairman, China Petroleum & Chemical Corporation (Sinopec), People's Republic of China

Mohamed Bin Dhaen Al Hamli, Minister of Energy of the United Arab Emirates

Georgina Kessel, Secretary of Energy of Mexico

Alexander Medvedev, Deputy Chairman of the Executive Board, Gazprom, Russian Federation

H.E. Sheikh Ali Jarrah Sabah Al Sabah, Minister of Energy of Kuwait

Hussain Al Shahristani, Minister of Oil of Iraq

Jeroen van der Veer, Chief Executive, Royal Dutch Shell, Netherlands

 

Experts

Fatih Birol, Chief Economist and Head, Economic Analysis Division, International Energy Agency, Paris

Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University, USA

Daniel Yergin, Chairman, Cambridge Energy Research Associates, USA

 

Moderated by

Lord Browne of Madingley, Group Chief Executive, BP, United Kingdom