Be Strategic – Go to Kuwait

Coming up very soon … The Petroleum Economist Energy Strategy Forum. If you are conducting basic research, you may wonder why a conference so far up in the clouds would be of any consequence to you. You may well be correct.

Keep in mind, however, that the decision makers that control the flow of capital will affect the funding for your research. So even if you do not or cannot attend the event, you may be interested in what the event produces.

TIP: Google® Petroleum Economist Energy Strategy Forum
One result: https://www.ief.org/events/petroleum-economist-kpc-hydrocarbons-strategy-forum

The email notice that landed in my inbox …

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The Petroleum Economist Energy Strategy Forum is pleased to welcome to the list of speakers:
•H.E. Dr. Khaled Al-Fadhel, Minister of Oil, Electricity & Water, State of Kuwait
•H.E. Hashem Sayed Hashem, Deputy Chairman and Chief Executive Officer, Kuwait Petroleum Corporation
Energy Strategy Forum
Date: Tuesday 5 February 2019
Venue: JW Marriott Hotel, Kuwait City
Take this chance to hear direct from these new appointments plus get the latest insights into doing business regionally and globally from many other leading industry figures. Limited complimentary places are available to qualifying applicants.
Speakers include...
H.E. Dr. Khaled Al-Fadhel, Minister of Oil, Electricity & Water, State of Kuwait
H.E. Hashem Sayed Hashem, Deputy Chairman and Chief Executive Officer, Kuwait Petroleum Corporation
Walid Al-Nader, Chairman, Shell Kuwait
Dr. Sun Xiansheng, Secretary General, International Energy Forum
This forum is your chance to join 15+ speakers and 150+ industry leaders for a day of discussion on the vital issues facing the energy sector, take a look at the draft agenda here (subject to change).
Co-hosted with Kuwait Petroleum Company (KPC), the forum will address and examine global energy issues. Just a few of the topics that will be explored include:
•Energy Transformation, a Journey...
•The Current and Future Developments in the Petroleum Industry in OAPEC Member Countries
•Regional Market Outlook – How to Expand and Grow in a Competitive Environment
•Global Outlook – What are the Biggest Disruptors to the Energy Market?
•Transformation of the Petrochemical Industry for a more Sustainable Era
•New Methods for Financing Energy Projects and Investment Opportunities
Make sure you mark the date in your diary today and apply for your complimentary* place here.
APPLY FOR YOUR COMPLIMENTARY PLACE NOW
Places are limited so make sure to book your place quickly to avoid missing out. We look forward to welcoming you to the Energy Strategy Forum on 5 February 2019.
Kind regards
Phil Jackson, Marketing Manager, Petroleum Economist
*Complimentary attendance is at the discretion of Petroleum Economist.
Complimentary places are limited and will be given on a first come first served basis to qualifying individuals.
For information on sponsorship opportunities contact Owen Raw-Rees:
Tel: +44 20 3409 2241
Email: owen.raw-rees@petroleum-economist.com
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TIP: For background, Google® Dr. Khaled Al-Fadhel

One result …

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KUWAIT CITY, Dec 24: Kuwait has appointed a number of new ministers, including Khaled Al- Fadhel as the country’s oil minister and minister of electricity and water, after the mass resignations of four others.
In a major reshuffle, the Kuwaiti Cabinet appointed Khaled Al-Roudhan as Minister of Commerce and Industry and Minister of State for Services Affairs, in addition to Dr Jenan Ramadan as Minister of Public Works and Minister of State for Housing.
The new appointees include Dr Fahad Al-Afasi as Minister of Justice and Minister of State for National Assembly Affairs and Saad Al-Kharaz as Minister of Social Affairs, while Fahad Al- Shaala was named Minister of Awqaf and Islamic Affairs and Minister of State for Municipal Affairs. The Cabinet also appointed Mariam Al-Aqail as Minister of State for Economic Affairs.
Earlier, the Cabinet accepted the resignations of a quartet of ministers, citing the “constitutionality” of the process.
Kuwait’s Minister of Social Affairs and Labor and Minister of State for Economic Affairs Hind Al-Sabeeh, along with Oil Minister and Minister of Electricity and Water Bkheet Al-Rasheedi have officially tendered their resignations.
Minister of Public Works and Minsiter of State for Municipal Affairs Hussam Al-Roumi and Minister of State for National Assembly Affairs Adel Al-Kharafialso joined in on the resignation spree.
The parliamentary Education, Culture and Guidance Affairs Committee on Monday discussed a number of proposals regarding allowances and financial grants of supporting bodies in the Ministry of Education
In a press conference at the National Assembly Media Center, Committee Rapporteur MP Mohammed Al-Huwaila confirmed that the concerned officials from the ministry and teachers’ unions attended the meeting. He said the committee will take into consideration the opinions of these officials to improve the work environment and financial position of employees in the educational sector. He asserted the committee is keen on improving the conditions of employees in this sector as part of ongoing efforts to develop the quality of education in the country.
By Ahmed Al-Naqeeb Arab Times Staff and Agencies
source: https://www.arabtimesonline.com/news/ministers-named-in-cabinet-reshuffle-khaled-al-fadhel-takes-oil/
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TIP: For more background, Google® Hashem Sayed Hashem
One result …

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Hashem Sayed Hashem, CEO, Kuwait Oil Company: Interview
KuwaitEnergy
Interview
Hashem Sayed Hashem, CEO, Kuwait Oil Company (KOC)
Interview: Hashem Sayed Hashem
What impact is the lower price of oil having on major project planning and roll out?
HASHEM SAYED HASHEM: In the current environment of lower oil prices, lower-cost producers like Kuwait will have the opportunity and responsibility to increase their oil production capacity in order to ensure that increasing global oil demand is fulfilled. Current estimations indicate that global oil demand will grow at an average of 0.7% per year from 2015 to 2040, bringing demand from the current 90m barrels per day (bpd) to over 102m bpd by 2040. As a national oil company, we have the responsibility to develop a strategy aimed at sustaining and increasing oil revenues for the country in the short, medium and long term. Such a strategy is in place and is being implemented through concrete projects which are in different phases of implementation.
What more can be done to ensure renewable and alternative energy are viable generation sources?
HASHEM: Recent technological developments have led to considerable reductions in the cost of solar power generation, increasing the attractiveness of solar power generation as an option in Kuwait. KOC has already started implementing a 10-MW solar photovoltaic plant in its oil and gas fields. We are also very actively studying the implementation of a concentrated solar thermal plant to produce steam and power for enhanced oil recovery (EOR) in the Ratqa heavy oil field. Meanwhile, we may need to take many more steps in order to make renewable and alternative energy generation viable and increase its share in the national energy mix.
These may include: developing technology standards; establishing regulatory bodies and processes to encourage and enforce more renewable energy generation by both industrial and individual consumers to meet a greater percentage of their total energy usage; conducting information and training programmes on renewable energy technology implementation and its benefits; and providing incentives and subsidies for implementation of renewable energy technologies.
How are enhanced technologies being used to increase efficiency in extracting Kuwait’s complex reserves and more mature fields?
HASHEM: Enhanced technologies also play a key role in helping to further increase reserves, improve recovery and minimise cost. In fact, a significant volume of the production capacity target set for 2030 is expected to be delivered through new technologies. There are several examples of successful implementation of enhanced technologies in our operations, including: Kuwait Digital Fields, an initiative that promotes integration of people, processes, technology and space for collaborative decision-making that will save costs and increase stability of operations; minimisation of water production via relevant down-hole technologies, such as smart wells completion – inflow control devices and inflow control valves – and water shut-off advanced technologies, including sophisticated reservoir monitoring; development of comprehensive, high resolution and integrated reservoir models; and EOR technologies, including steam and chemical injection. These new adopted enhanced technologies are planned and designed to add value – both tangible and know-how – in the short, medium and long term.
What role do you envisage international oil companies (IOCs) playing in the government’s $7bn worth of heavy oil projects?
HASHEM: IOCs and service companies are to play a major role in supporting the implementation of our 2030 Strategy. We already have world-class contractors that have been providing services to KOC for many years, and we expect such contractors will continue to play an important role in our projects. We also have IOCs already working with us in the development of the complex non-associated gas reservoirs, and we expect to have others help in the development of extensive heavy oil reservoirs in north Kuwait. We envisage the participation of IOCs to support the heavy oil development under an Enhanced Technical Service Agreement.
source: https://oxfordbusinessgroup.com/interview/long-haul-obg-talks-hashem-sayed-hashem-ceo-kuwait-oil-company-koc
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