Owji is scheduled to deliver speech in the second ministerial session dubbed “Investments, finance and inclusive petroleum growth strategies”.

Kuwait’s Oil Minister Saad Hamad Nasser al-Barrak, Iraq’s Oil Minister Hayan Abdulghani, and Libya’s Oil Minister Mohamed Oun will be the other speakers of the second session.

Investments are the lifeblood of the global oil industry. In OPEC’s World Oil Outlook, required oil industry investments total $12.1 trillion to 2045. This equates to over $500 billion each year on average, with recent annual levels significantly below this, due to industry downturns, the pandemic, and the increasing focus on environmental, social, and governance (ESG) issues.

Industry stakeholders can help ensure a long-term investment-friendly climate, with sufficient finance available and supportive and inclusive policies. Investments should consider an “all-peoples, all-fuels and all-technologies” approach to the issues of energy security and reducing emissions. One that is sustainable, works for both producers and consumers, and developed and developing countries.

OPEC SG remarks

OPEC Secretary General Haitham Al Ghais said, “The OPEC International Seminar has an outstanding record for both the caliber of participants and the high level of discussions that take place on the leading issues affecting the energy sector, especially at this critical time in the global industry. We are looking forward to welcoming all our guests to Vienna for what will be a truly memorable and informative event.”

Program

Day 1

- State-of-the-art opening ceremony

- New perspectives, many panelists and speakers, addressing energy transitions, market stability, energy security, investment, technology, innovation and much more

- Ministerial sessions

- High-level roundtables

- More than 15 exhibitors in the dedicated exhibition area

- Unique networking opportunities and side discussions

- Exclusive Gala Dinner at the prestigious City Hall of Vienna

- Awards for Research 2023/OPEC Award for Journalism 2023

Day 2

- Inspiring conversations and fruitful discussions on key industry issues, including the energy transition, energy poverty eradication, climate change policies, cooperation and more

- Networking and VIP areas

- Wrap-up sessions, newsletters and handouts

- Focus on the youth and students participation

- Access to a rich multimedia section covering the event

- Special concluding remarks