Aside from about 680 industry speakers, no fewer than 5,000 delegates are expected for the 21st edition of the World Petroleum Congress, WPC, holding in Moscow, the Russian capital between June 15 and 19.This edition is anticipated to be the largest ever in the history of the Congress.
The theme for the Congress: “Responsibly Energising a Growing World” according to the organisers, “also points to sustainability and society issues, which are key to the industry’s future development.”
The President, World Petroleum Council, WPC, organisers of the Congress, Mr. Renato Bertani, and other industry experts noted that “the world oil market has been unstable and volatile lately. Prices have been going up and down, making some oil exporters feel nervous.” They also observed that “the planet is running out of easily accessible resources, and it will soon become way harder and more expensive to get them.”
The Congress is a global industry conference and exhibitions that holds every three years, and is rotated among member countries. The Congress, which has been hosted once in Africa, South Africa in 2008, was last held in Doha, Qatar in 2011. The next edition of the Congress is billed to hold in Instanbull, Turkey in 2017.
The official website of the Congress, www.21wpc.com, stated that Ministers and chief executive officers, CEO’s from some of the world’s leading national and international oil and gas companies have already been confirmed their participation.
“They include Russia’s Deputy Prime Minister, Mr. Arkady Dvorkovich and HE Ali Al Naimi, the Minister of Petroleum and Petroleum Resources from Saudi Arabia. The NOCs and majors are represented by Bob Dudley, CEO of BP, Zhou Jiping, the President of China’s largest oil company CNPC, ExxonMobil’s Chair, Rex Tillerson,Maria das GracasFoster, President of Petrobras, Brazil, Helge Lund, Statoil’s CEO from Norway and Christophe de Margerie, the CEO of Total in France.”
Sequel to the Congress, the Council, held the 4thWPC Youth Forum, in Calgary, Canada, in October last year. The event, targeted at youths under 35 years working in the petroleum industry, saw the participation of about 1,500 delegates from 61 countries.
Apart from the Youth Forum, the Council has also introduced a global oil and gas leadership event on Cooperation, Sustainability and Responsibility. To this end, the first edition of the WPC CSR will hold next year in Norway.
Since it won the hosting rights for the Congress, the Russian organising committee has kept the global public updated with developments regarding the event. Such updates include programmes, technical sessions, awards, exhibitions, and timelines and a host of others.
One of the highpoints of the Congress will be the launch of this year’s Annual BP Statistical Review of World Energy.
This will be the first time the Statistical Review is being launched outside BP premises since 1952.
Basically, the Review is a data on, “Which countries produce and consume the most energy? Who has the largest oil and gas reserves? Where is energy use growing and where is it falling?
The 2014 launch, which will take place on Monday June16, will be led by BP Group Chief Executive,Mr. Bob Dudley, and BP Group Chief Economist, Mr. Christof Rühl, with panellists including energy expert and author, Mr. Dan Yergin.
According to the organisers, “The presentation will look at energy production and consumption by market and by energy-type, followed by a panel discussion, which will examine the important emerging trends and assess the challenges and opportunities facing the energy industry and the world in general.”
The BP Statistical Review of World Energy is now in its 63rd year. It is the longest running compilation of global energy statistics available and is widely recognised as an objective source of data on energy markets, which is often quoted in the media and academic research.
Russia, one of the world’s largest producers of oil and gas, is hosting the Congress for the second time, the first being in June 1971.
To facilitate its successful hosting, the Russian Government has declared its patronage for the Congress.