Middle East Petroleum Insiders- A 2 Day Executive briefing by FGE

Venues:

 

About the Event

Middle East oil production continues to dominate the global oil market, but the impact of US oil production will create material change in the market. Already oil and condensate production associated with the shale gas revo-lution is almost two million barrels per day. This has had profound effects on the US market, and like ripples on a pond, the impact is spreading. Product supply patterns in the Atlantic Basin are changing and increasingly it is having an impact on oil supply arrangements. As oil production continues to rise, and shale gas related produc-tion occurs elsewhere in the world, OPEC production will be squeezed. What will be the impact on global trade and geopolitics as the US is increasingly delinked from ME supply? Simultaneously, Iraqi production and NGL pro-duction is rising. The portion supplied by traditional OPEC supply is shrinking. How will this play out? What will be the consequences if the “call” on Saudi falls? Concurrent with the changes in the oil market will be the conse-quence of the massive refinery investment programs of ME producers. Saudi Arabia, Kuwait, and the UAE will all commission world-scale refineries in their home countries plus have joint venture positions in Asian-based refin-eries. The impact on the supply of heavy oil into the market and change in refined product marketing arrange-ments will be pronounced.

Now in its 20th year, the annual Middle East Petroleum Insiders briefing offers authoritative and insightful analy-sis regarding the outlook for this crucial region. It will be an opportunity to hear from FGE personnel and discuss issues that are fundamental to how the oil markets evolve with industry leaders.

Key Issues to be Covered

• Key Issues Confronting the Global Oil & Gas Markets
• The “Ripple Effect” of Increasing US Production
• Global Oil Supply and Outlook
• China Focus: The Sustainability of the Global Powerhouse
• Asian Downstream—Will SEA Remain a “Trade Sink”
• Atlantic Basin Refining—Does Declining Demand Mean Reduced Margins?
• Middle East Refining—Too Much for the Market to Bear?
• Trading Implications

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Course Director(s)

Dr. Fereidun Fesharaki, Chairman, FGE - FACTS Global Energy, USA

Dr. Fesharaki holds a PhD in Energy Economics and has authored dozens of books and many more articles on the field. Dr. Fesharaki was the 1993 President of the International Association for Energy Economics (IAEE), a key professional organization representing more than 3,000 energy economists in more than 70 countries. In 1989, Dr. Fesharaki was elected a member of the Council on Foreign Relations in New York. Since 1991, he has been a member of the International Advisory Board of Nippon Oil Japan's largest oil company. In 1995, Dr. Fesharaki was elected Senior Fellow of the US Association of Energy Economics for distinguished services. In 1998, Dr. Fesharaki joined the Board of Directors of the American-Iranian Council. In 2002, he was appointed Senior Associate of the Center for Strategic and International Studies (CSIS) in Washington, D.C. In 2008, Dr. Fesharaki was appointed a member of the National Petroleum Council by then US Secretary of Energy, Samuel W. Bodman, and was reappointed by current US Secretary of Energy, Steven Chu, in 2010. In 2009, Dr. Fesharaki was appointed a member of the Dubai Mercantile Exchange Limited (DME) Board of Directors. Prior to founding FGE, he was with Harvard's Center for Middle Eastern Studies, and in the late 1970s, he was the Energy Advisor to the Prime Minister of Iran and a delegate to OPEC's Ministerial Conferences. He has led energy-related academic research at the East-West Center since 1985.

Mr. Mark Lewis, Managing Director, FGE - FACTS Global Energy, London

Mr. Mark Lewis is a Managing Director of FGE London. Mark is a Business Studies graduate with over 30 years oil and energy consulting experience. He spent over 15 years with Petroleum Economics Ltd, where he rose to become joint Managing Director, before co-founding Energy Market Consultants (EMC). Over the years he has consulted with a range of clients including majors, US multinationals, European ex-state companies and producer NOCs. At FGE London, Mark has overall responsibility for company operations, presents at conferences and client seminars as well as overseeing FGE's longterm market and industry coverage. Mark is also a Member of the FGE Management Committee.

Ms. Gemma Gouldby, Research Associate, FGE - FACTS Global Energy, London

Gemma analyzes current and future developments in the refining sector west of Suez, as well as product markets. She is currently working with her FGE colleagues to build a global database of refineries, their set-ups, operational details, crude slates and competitiveness, as well as assessing the extent and distribution of future refinery closures. Before joining FGE, she spent several years in a similar position at JBC Energy in Vienna (which was PVM Oil Associates until 2008). Prior to that, she worked in the UK’s upstream sector, performing geological analysis and organizing logistics for offshore E&P operations worldwide. Her qualifications include a Bachelors Degree in Natural Sciences (including geology) from the University of Cambridge as well as an economics-based postgraduate qualification from the Diplomatic Academy of Vienna.

Who Should Attend

Past & Present Participating Companies

Abu Dhabi National Oil Co. (ADNOC) * ADGAS * ADNOC * Bahrain Petroleum Company B. S. C. * BAPCO * BHP Billiton * BHP Billiton International * Metals BV * BP Middle East * BP Middle East Dubai * ConocoPhillips * ConocoPhillips International Inc * ConocoPhillips International Trading Pte Ltd * Dubai Mercantile Exchange * Dubai Multi Commodities Centre * E.ON Ruhrgas AG * E3 Energy DMCC * EMC (UK) Ltd / FACTS Global Energy * Energy Market Consultants (UK) Ltd * Engen Petroleum Limited * FACTS Global Energy * FGE Dubai * FGE London * Fidelity Investments * GE Energy * Financial Services * Gulf Energy Ltd * Gunvor International B.V. * Hydro Middle East * Idemitsu Kosan Co., Ltd * IMA Marine Ltd * International Bunkering * Middle East DMCC * Itochu Corporation * ITOCHU Corporation Dubai Branch * J Laliotis Maritime Group * Kemaman Bitumen Company Sdn Bhd * KPMG * Kristian G. Jebsen Group * Kuwait National Petroleum Company * Kuwait Petroleum Corporation * Kuwait Petroleum International Ltd * Marathon International Petroleum Ltd * Mc Kenzie Financial Group * Middle East Economic Survey * Mitsubishi Corporation * Noble Group * Norsk Hydro Oil & Energy * Occidental Energy Marketing Inc * PA Resources AB * Pertamina * Pertamina Energy Services Pte Ltd * Petrobras Singapore Pte Ltd * Petroliam Nasional Bhd * Petronas * PT PERTAMINA (Persero) * Qatar Int'l Petroleum Marketing Co Ltd (Tasweeq) * RCC * RegCompany * SABIC * Sasol Chevron * Sasol Chevron Consulting * Saudi Arabian Oil Company (Saudi Aramco) * Saudi Basic Industries Corporation * Saudi Petroleum Ltd * Saudi Petroleum Ltd, Beijing * Saudi Petroleum, Ltd., Tokyo * Shell * Shell International Petroleum Company Limited * Simmons & Company International * SK Corporation * SK Corporation Middle East Office * SK Energy * StatoilHydro * Taranex Ltd * Titan Petchem (M) Sdn Bhd * TOTAL S.A. * Vitol Asia Pte Ltd * Vitol Bahrain E.C. * Vopak Middle East B.V. * Zakum Development Company (ZADCO)
 

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