Seventh IEA-IEF-OPEC Symposium on Energy Outlooks

The Seventh IEA-IEF-OPEC Symposium on Energy Outlooks took place on 15 February 2017 at the IEF Headquarters in Riyadh, Saudi Arabia. Dr Sun Xiansheng, the Secretary General of the International Energy Forum opened the Symposium together with the Secretary General of the Organization of the Petroleum Exporting Countries, HE Mohammed Sanusi Barkindo and the Director, Sustainability, Technology and Outlooks of the International Energy Agency, Dr Kamel Ben Naceur.

HE Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources (Saudi Arabia), delivered a keynote speech, and participants also received a special address delivered on behalf of HE Shamshad Akhtar, Under Secretary General of the United Nations & Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP).

Symposium Videos

• HE Khalid Al Falih - Interview
• HE Sheikh Mohammed bin Khalifa Al Khalifa - Interview
• HE Mohamed Zayed Awad - Interview
• Mohammed Barkindo - Interview
• Dr Sun Xiansheng - Interview
• Kamel Ben Naceur - Interview
• Mohamed Hamel - Interview
• Oswaldo Tapia - Interview
• Greg Priddy - Interview
• Mark Finley - Interview
• Eric Aboussouan - Interview
• Dr Abhishek Deshpande - Interview
• Christof Rühl - Interview
• Dr Iván Martén - Interview
• Dr Tatiana Mitrova - Interview
• Bob McNally - Interview
• Ibrahim Al Muhanna - Interview
• Pedro Antonio Merino Garcia - Interview
• Jamie Webster - Interview
• Trisha Curtis - Interview
• Dr Talaat Al-Dafer - Interview
• David Fyfe - Interview
• Alan Gelder - Interview
• Ann-Louise Hittle - Interview
• Richard Newell - Interview

Dr Sun Xiansheng, IEF Secretary General, moderated discussions of the first session with a focus on the latest OPEC and IEA energy outlooks and a comparative analysis of short-, medium-, and long-term energy outlooks released by the IEA and OPEC in 2016 provided by the IEF-RFF Introductory Background Paper. HE Sheikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, Bahrain chaired Session II on Industry views on short-, medium-, and long-term energy outlooks, and HE Mohamed Zayed Awad Mousa, Minister of Petroleum, Sudan chaired the final session on the subject of Transportation.

The International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) each year publish energy market outlooks based on the rigorous analysis of available statistical data, market fundamentals, macroeconomic developments, policy trends and assumptions. In addition, on the occasion of the biennial International Energy Forum Ministerial meetings, both organisations present focused findings that they derive from their analysis and outlooks. The Seventh Symposium is part of a wider trilateral work programme undertaken by the IEA, IEF and OPEC in recognition of mandates from the Energy Ministers of the IEF and G20 countries. The underlying principle of the Symposium is to improve transparency, and facilitate comparability among the various outlook scenarios, and help advance a data-driven and well informed producer-consumer dialogue.

In addition to the Joint IEA-IEF-OPEC Symposia on Energy Outlooks, the joint collaboration involves High-Level Workshops on Physical and Financial Energy Market Interactions and Gas and Coal Market Outlooks.

Additional detail about the Seventh Joint Symposium will be forthcoming shortly.

Welcome and Opening Remarks

• HE Sun Xiansheng, Secretary General, IEF
• HE Mohammad Sanusi Barkindo, Secretary General, OPEC
• Kamel Ben Naceur, Director, Sustainability, Technology and Outlooks, IEA

Special Address

• HE Shamshad Akhtar, Under Secretary General of the United Nations & Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP)

Session 1: Key findings from the Comparative Analysis on Energy Outlooks, and presentation of the latest IEA and OPEC projections

Session Moderator: HE Sun Xiansheng, Secretary General, IEF

Presentations

• Hojatollah Ghanimi Fard, Head, Petroleum Studies Department, OPEC
• Oswaldo Tapia, Head, Energy Studies Department, OPEC
• Kamel Ben Naceur, Director, Sustainability, Technology and Outlooks, IEA
• Duarte Figueira, Head of Division - Europe, Middle East, Africa and Latin America, IEA
• Richard G Newell, President, Resources For the Future

Session 2: Industry views on short-, medium-, and long-term energy outlooks

Session Chair: HE Sheikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, Bahrain

Presentations

• Mark J. Finley, General Manager Global Energy Markets & U.S. Economics, BP
• Dario Speranza, Vice President - Political and Institutional Analysis and Scenarios, Eni
• Leonid Grigoryev, Chief Adviser to the Head, Analytical Center for the Government of the Russian Federation, and Tatiana Mitrova, Head of Oil and Gas Department in the Energy Research Institute of the Russian Academy of Sciences (ERI RAS)
• Christof Ruhl, Head of Global Research, Abu Dhabi Investment Authority (ADIA)
• Antonio Merino, Chief Economist, Repsol

Session 3: Transportation

Session Chair: HE Mohamed Zayed Awad Mousa, Minister of Petroleum, Sudan

Moderated presentations

• Bambang Susantono, Vice President, Knowledge Management and Sustainable Development, Asian Development Bank (ADB)
• Xingkun Qian, Vice President, CNPC Economics and Technology Research Institute
• Hiroyuki Fukui, Project Manager, Business and Energy Intelligence Group Frontier Research Planning Department, Toyota Motor Corporation
• Alan Gelder, Vice President, Refining, Chemicals and Oil Markets, Wood Mackenzie
• Ian Kershaw, Managing Director, Ricardo Strategic Consulting

• Sixth IEA-IEF-OPEC Symposium on Energy Outlooks
  16 February 2016, Riyadh, Saudi Arabia
  
• Fifth IEA-IEF-OPEC Symposium on Energy Outlooks
  23 March 2015, Riyadh, Saudi Arabia
  
• Fourth IEA-IEF-OPEC Symposium on Energy Outlooks
  22 January 2014, Riyadh, Saudi Arabia
  
• Third IEA-IEF-OPEC Symposium on Energy Outlooks
  22 January 2013, Riyadh, Saudi Arabia
  
• Second IEA-IEF-OPEC Symposium on Energy Outlooks
  23-24 January 2012, Riyadh, Saudi Arabia
  
• First IEA-IEF-OPEC Symposium on Energy Outlooks
  24 January 2011, Riyadh, Saudi Arabia