Turkmenistan Energy Investment Forum Commences in Dubai
More than 300 representatives of government agencies, large companies, academic and business circles, expert and media communities are participating in the Forum. Members of the Government of Turkmenistan and the UAE, over two hundred representatives of international companies and organizations, diplomatic missions and ministries, banks and various funds, a number of foreign and Turkmen mass media will take part in the Forum.
Among the speakers of the plenary session are the ministers and senior management of the Turkmen fuel and energy complex and key executives of the global energy companies, who will present a strategic vision for the development of this sector in the context of the global energy transition.
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How are investments in the oil and gas sector combined with the green transition? Investments in the production and processing of hydrocarbons play a key role in overcoming the many manifestations of today's energy crisis: to ease pressure on consumers, bring the world to a net zero trajectory, and accelerate the post-pandemic economic recovery.
Long-term solutions for the transition to clean energy and clean fuels also require discussion and concerted action. All this necessitates an open and extensive dialogue, the platform for which is provided by the Investment Energy Forum of Turkmenistan in Dubai.
The current forum pursues more ambitious goals than previous meetings on this issue. Its tasks are not concentrated exclusively around energy topics and cover a wide range of issues related to renewable energy sources and climate.
And all this is a single set of interrelated industrial, high-tech, environmental and climate challenges, the solution of which will be facilitated by the fact that this year the Global Climate Summit COP 28 will be held in the United Arab Emirates.
Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technologies of the UAE, General Director of the Abu Dhabi National Oil Company (ADNOC), has been appointed Chairman of the 28th Conference of the Parties to the UN Framework Convention on Climate Change. The speech in the second session of the investment forum of the chief leader of the Energy Transition COP 28, Saamir Elshihabi, has already been announced.
The high interest in the forum and its authority is evidenced by the participation of such high-ranking officials as the UAE Minister of State, member of the Board of Directors of ADNOC and the Abu Dhabi Development Fund H.E. Ahmed Ali Al Sayegh, Manfredi Caltagirone, Head of the UN International Methane Emissions Observatory, Stefan Jermain, President of GHGSat Inc, and others.
The Turkmen side is represented by the Deputy Chairman of the Cabinet of Ministers Ashyrguly Begliev, CEOs and experts of the national energy companies of Turkmenistan, as well as heads of more than two dozen companies.
The moderators also included well-known experts - Claire Godard, head of analytics for the Middle East region and the East at S&P Global Commodity Insights, Maxim Nechaev, consulting director S&P, Stephen Wright, technical director of GaffneyCline, Rakhimberdy Jepbarov, chairman of the board of the State Bank for Foreign Economic Affairs of Turkmenistan, General Director of PETRONAS Carigali (Turkmenistan) Sdn Bhd Ismadi Bin Ismail, Consulting Manager of Argus Media Valentin Kotlomin.
In addition, about a dozen of IOC presidents and more than twenty vice presidents of large energy companies (PETRONAS, Dragon Oil, Siemens Energy, Total Energies, CNPC, Yug-Neftegaz Private Limited, etc.), heads and representatives of financial institutions, environmental organizations, as well as the UN and the OSCE.
Key speeches will be delivered at the plenary session, and a wide range of issues put at the forefront of the investment forum will be discussed during subsequent four sessions of the Forum. This is the role of Turkmenistan in the future of global energy; investment opportunities in the Turkmen energy sector: onshore and offshore projects; environmental aspects of the development of hydrocarbon deposits; new era energy: prospects for international cooperation; acceleration of monetization and diversification of new energy resources of Turkmenistan.
Long-term solutions for the transition to clean energy and clean fuels also require discussion and concerted action. All this necessitates an open and extensive dialogue, the platform for which is provided by the Forum in Dubai.
The following media will be covering the Forum: Bloomberg News, S&P, Argus, Energy Intelligence, National Gas World, Interfax, Media Hub, TRT and others.
The choice of Dubai as host city of the Forum is not by coincidence, firstly, the United Arab Emirates is a country with a highly developed science and technology. Secondly, the Emirati specialists have accumulated vast experience in the oil and gas industry, in the development of green technologies, climate and environment. Thirdly, the Turkmen fuel and energy complex is of great investment interest among the business circles of the UAE, which was confirmed by the recent visit of President of Turkmenistan Serdar Berdimuhamedov to the United Arab Emirates.
The Forum will run until the 27th of April, and will be followed by the meetings between leading IOC and NOC executives.
