Past event

Conference

Middle East and North Africa Energy

Investment Prospects

31 Jan 2011 - 00:00 to 2 Feb 2011 - 00:00

Chatham House, London

The Middle East and North Africa region is home to more than 40 per cent of the world's proven gas reserves with yet more scope for discoveries, but many of the region's states face the challenge of meeting rising domestic energy demand. Unless solutions are found, the growing requirements of domestic demand will affect the ability of the region to export oil.

This conference will discuss issues surrounding energy for domestic development, and the prospects for foreign investment in the region. It will explore the role of alternative energy sources in maintaining oil exports and the significance of gas exports to the energy strategies of the region.

  • HE Dr Amina Benkhadra

    • Minister of Energy, Mines, Water and Environment
  • HE Abdalla El-Badri

    • Secretary General
  • HE Dr Ashti Hawrami

    • Minister of Natural Resources
  • Charles Hendry MP

    • Minister of State
  • Dr Falah Alamri

    • Director General
  • Yousef M Alyousef

    • Executive Director
  • Abdullah Baabood

    • Director, Gulf Research Centre
  • Brad Bourland

    • Chief Economist and Managing Director, Proprietary Investments
  • Andy Brown

    • Executive Vice President, Managing Director Pearl GTL and
  • Majid H Jafar

    • Executive Director
  • Luay Al Khatteeb

    • Founder and Executive Director
  • Mark F Lewis

    • Managing Director
  • Lord Malloch-Brown KCMG

    • Chairman
  • Jon Marks

    • Associate Fellow, Chatham House and
  • Ambassador Richard L Morningstar

    • Special Envoy for Eurasian Energy
  • Edward Morse

    • Managing Director, Head of Global Commodities Research
  • Dr Robin Niblett

    • Director
  • Dr Jean-François Seznec

    • Visiting Associate Professor, Center for Contemporary Arab Studies
  • Professor Gareth Stansfield

    • Director, Institute of Arab and Islamic Studies, Exeter University
  • Professor Jonathan Stern

    • Director, Gas Research
  • Professor Paul Stevens

    • Senior Research Fellow, Energy, Environment and Development Programme
  • Ian Taylor

    • Chief Executive
  • Alberto Verme

    • Chief Executive Officer, Europe, Middle East and Africa

This conference will be held under the Chatham House Rule. Information for journalists >>

Press can request a press pass using the form below.



 

 

 

 

 

 

 



 

 

 

DAY ONE
Monday 31 January 2011

Session One: The Region's Reserves, Demand and Investment Plans

  • How far can OPEC protect oil prices and safeguard the oil revenues of the region?
  • How is the region's increasing energy consumption affecting global supplies?
  • How will internal and external demand affect the region's investment decisions?
  • Will producers invest in order to maintain exports?
  • Will international oil companies (IOCs) be able to make significant investments in the region?

Chair Dr Robin Niblett
Director
Chatham House

09.30 Opening Remarks from the Chair

Keynote Addresses
Charles Hendry MP (on the record)
Minister of State
Department of Energy and Climate Change

HE Abdalla Salem El-Badri (on the record)
Secretary General
Organization of the Petroleum Exporting Countries

10.20 Questions and discussion

10.40 Refreshments

Chair Professor Paul Stevens
Senior Research Fellow, Energy, Environment and Development Programme
Chatham House

11.10 Andy Brown
Executive Vice President, Managing Director Pearl GTL & Country Chairman, Qatar
Shell

Alberto Verme
Chief Executive Officer, Europe, Middle East and Africa (EMEA)
Citi

11.50 High level roundtable discussion

Andy Brown

Alberto Verme

12.30 Lunch

Session Two
North African Energy Perspectives

  • What are the investment terms for IOCs? Can they gain access to the region's oil and gas reserves?
  • What implications do relationships between IOCs and National Oil Companies have on investment behaviour?
  • Can the region increase its refining capacity? What are the investment opportunities in this sector?

Chair Lord Malloch-Brown
Chairman
FTI Global Affairs

13.40 Remarks from the chair

Keynote Address
HE Dr Amina Benkhadra (on the record)
Minister of Energy, Mining, Water and Environment, Morocco

14.30 Questions and discussion

14.40 Refreshments

15.10 Speakers

Mark F Lewis
Managing Director
EMC-Energy Market Consultants (UK) Ltd

Jon Marks
Managing Director
Cross-Border Information Ltd

16.30 Questions and discussion

17.00 End of day one and drinks reception hosted by Chatham House

DAY TWO
Tuesday 1 February 2011

Session Three
The Countries of the Gulf Cooperation Council

  • What are the short- and medium-term plans for investment in production expansion?
  • Will energy consumption catch up with oil production, and what may be the role of alternative energy sources in maintaining oil exports?
  • What are the economic challenges to developing liquefied natural gas and gas to liquid? What investment is available?
  • What role is there likely to be for foreign investment in the energy sector?
  • The role of sovereign wealth funds in managing revenues

Chair Professor Jonathan Stern
Director, Gas Research
Oxford Institute for Energy Studies

09.30 Opening remarks from the Chair

Speakers
Dr Edward L Morse
Head of Commodities Research
Credit Suisse

Brad Bourland
Chief Economist and Managing Director, Proprietary Investments
Jadwa Investment Company, Riyadh, Saudia Arabia

Dr Jean-François Seznec
Visiting Associate Professor, Center for Contemporary Arab Studies
Georgetown University, Washington, DC

10.40 Refreshments

11.00 Dr Abdullah Baabood
Director, Gulf Research Centre, Centre of Islamic Studies
University of Cambridge

Dr Yousef M Alyousef
Executive Director
National Energy Efficiency Program, Saudi Arabia

11.30 Moderated discussion

12.00 Lunch

Session Four
Iraq 2011: Challenges and opportunities

  • In what shape is Iraq's hydrocarbon law?
  • What progress has been made in discussions between Baghdad and the Kurdistan Regional Government on contracts with IOCs?
  • What is the future of the Iraq National Oil Company and the status of Iraq's proposed pipelines?

Chair Professor Paul Stevens
Senior Research Fellow, Energy, Environment and Development Programme
Chatham House

12.45 Keynote Addresses
Ambassador Richard Morningstar
Special Envoy for Eurasian Energy
US Department of State

HE Ashti Hawrami
Minister of Natural Resources
Kurdistan Regional Government

Majid Jafar
Executive Director
Crescent Petroleum Group

Luay Jawad Al Khatteeb
Executive Director
Iraq Energy Institute

Dr Falah Alamri
Director General
Iraq State Oil Marketing Organization

14.35 Questions and discussion

15.20 End of conference and refreshments

© Royal Institute of International Affairs 2011

This conference will offer a unique opportunity to network with senior officials from businesses, government and academic institutions.

Our previous conference 'Prospects for Middle East and North Africa Energy' in February 2010 saw delegates from the following companies and institutions:

Accenture
BG Group
BlueGold Capital
Booz & Co
BP plc
Cabinet Office
Cairn Energy plc
Cambridge Centre for Energy Studies
Centrica plc
Chariot Oil and Gas
Chevron Ltd
Clifford Chance LLP
Conocophillips (UK) Limited
DLA Piper UK LLP
Elliott Advisors UK Ltd
Energy Development Co Ltd
Energy Forecast
Energy Industries Council
Ernst & Young
ETH Zurich
European Finance House
ExxonMobil International Ltd
ExxonMobil Libya Ltd
Foreign & Commonwealth Office
Gaffney, Cline & Associates
Genel Enerji AS
Gulf Keystone Petroleum Ltd
HSBC Holdings plc
Invensys International Holding Ltd
IPA Energy and Water Economics
Iraq Energy Policy Institute
JAPEX
Kuwait Petroleum Corporation
Maersk Oil & Gas
Mayer Brown
Mehdi Ali Associates
Ministry of Defence
Ministry of Foreign Affairs
Ministry of Petroleum and Energy
Mitsubishi Corporation International (Europe) Plc
Nexen Petroleum UK Ltd
Norwegian Armed Forces
Petro-Canada
Petroceltic International Plc
Petrofac Group
Petroleum Policy Intelligence
Polish Oil and Gas Company - Libya BV
RPS Energy
RWE
Shanghai Institutes for International Studies
Standard Bank London Limited
Statoil ASA
Statoil Libya AS
StatoilHydro
Total SA
Toyota Motor Europe
University of Oxford Smith School of Enterprise and the Environment
Vitol
Warwick Business School