Thursday, January 17, 2019

OPEC Summit: Wale Tinubu joins Aramco CEO to discuss the future of oil

OPEC Summit: Wale Tinubu joins Aramco CEO to discuss the future of oil
June 20
19:25 2018

Adewale Tinubu, the group chief executive of Nigeria’s indigenous oil company, Oando PLC, joins Amin Nasser, CEO Saudi Aramco, and other international oil companies to deliberate on the future of oil.

According to a statement by Oando PLC, Tinubu will join other CEOs in reinforcing the growth and strength of oil independents at the ongoing OPEC international seminar, in Vienna, Austria.

Discussing the theme of the summit — “Petroleum – Cooperation for a Sustainable Future” — with Tinubu are Andrew Gould, former CEO, Schlumberger; Jay Pryor, vice-president business development, Chevron; John Hess, CEO, Hess Corporation; and Daniel Yergin, vice-chairman, HIS Markitt.

The panel, which will particularly focus on “Global Oil Future Challenges”, will be moderated by CNN’s John Defterios.

Oando says Tinubu “aims to build on the success of previous editions over the last two decades, it will underpin OPEC’s longstanding commitment to strive for a secure and stable international oil market by promoting cooperation and dialogue with stakeholders around the world”.

Oando joined the list IOCs with its ambitious acquisition of ConocoPhillips Nigeria assets in 2014 which saw the company move from producing 4,500boepd to an average of 50,000boepd.

Since then the indigenous company been representing indigenous players both locally and internationally; showcasing the role of independents in growing the sector locally and positively impacting perceptions internationally.

The company, which is a gold sponsor at the OPEC seminar, has represented Nigerian independents at the World Economic Forum (WEF) in Davos; International  Petroleum (IP) Week, CERA in Houston; and the Africa CEO Forum in Cote d’ívoire.

Speaking earlier at the summit, Faraj Al Mazroui, the UAE minister of energy and industry, Suhail Mohammad, said: “The Seminar offers an opportunity for experts from around the globe to engage on important topics that support the sustainability of our industry”.

More than 800 key players and decision makers will be on hand at this year’s Seminar; including Khalid A. Al-Falih, president of the OPEC conference and minister of energy, industry and mineral resources, Saudi Arabia; Ibe Kachikwu, Nigeria’s minister of state for petroleum resources; Sanusi Barkindo, OPEC secretary general, Bob Dudley, BP’s group chief executive; Patrick Pouyanne, Total CEO.


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