ABU DHABI, 12th November, 2017 (WAM) -- Twenty-six of the world’s oil and gas industry leaders gathered in Abu Dhabi today to discuss the evolving energy landscape amid shifting dynamics of supply and demand, at the second Abu Dhabi CEO Roundtable.
The senior executives were invited to the roundtable, held at ADNOC’s Corporate headquarters in the UAE capital, by ADNOC.
The roundtable focused on changes in the structure of the energy market, particularly oil and the impact of electrification on the oil-auto system – and the need to find a common analytical approach to gauge the extent of that impact on oil demand.
Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group said, "This was an important and unique opportunity for oil and gas industry leaders to share insights and perspectives on the evolving energy landscape and how it’s influencing supply and demand for our products. The roundtable enabled us to engage in open discussion and reflect on the technological and economic factors shaping the oil, gas and petrochemical industries."
The roundtable was moderated by Dr. Daniel Yergin, Vice Chairman IHS Markit, Pulitzer-Prize winning author and energy economist.
"The CEO Roundtable was an excellent opportunity to consider the near, medium and long-term outlooks for the energy industry and the world in which it operates," commented Dr Yergin. "The high-level participation by the world’s leading oil, gas and petrochemical chief executives is a demonstration of the convening power of the leadership of the UAE, Abu Dhabi and ADNOC. A rich and wide-ranging discussion deepened the understanding of the factors shaping the global energy landscape and how best to navigate them."
In addition to Dr. Al Jaber, the roundtable was attended by Amin H. Al-Nasser, President and CEO, Saudi Aramco; Dr. Kurt Bock, Chairman BASF; Mark Garrett, CEO, Borealis; Bob Dudley, Group Chief Executive, BP; Chan Chauto, President, CEFC, China; Pedro Miro Roig, Vice Chairman and CEO, CEPSA; Wang Yilin, Chairman, CNPC; Darren Woods, Chairman and CEO, Exxon Mobil; Hunter L. Hunt, President, Hunt Consolidated Energy; Sanjiv Singh, CEO, Indian Oil Company; Toshiaki Kitamura, President and CEO, INPEX: Yasushi Kimura, Chairman of the Board, JXTG Holdings (JX-Nippon Oil and Gas Exploration); Nizar Al-Adsani, Deputy Chairman and CEO, KPC; Dr. Vagit U. Alekperov, President, LUKOIL; Musabbeh Al Kaabi, CEO Petroleum and Petrochemicals, Mubadala Investment Company; Todd Karran, President and CEO, Nova Chemicals; Dr. Rainer Seele, Chairman and CEO, OMV; Vicki A. Hollub, President and CEO, OXY; Dr. Antonio Costa Silva, Chairman of the Management Commission, Partex; José Antonio Gonzalez Anaya, CEO, PEMEX; Tan Sri Wan Zulkiflee Wan Ariffin, President and Group CEO, Petronas; Rovnag Ibrahim Abdullayev, President SOCAR; Frank Ning, Chairman of the Board, SINOCHEM Group; Eldar Saetre, CEO, Statoil and Patrick Pouyanne, Chairman of the Board and CEO, Total.
The second annual gathering of its kind in the Middle East, the Abu Dhabi CEO Roundtable was held on the eve of ADIPEC, the world’s premier oil and gas conference, taking place in the UAE’s capital, from November 13-16.