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The Future of the Oil & Gas Sector in the CIS region

‘Azerbaijan is an important component of the global energy security market place’

In an interview with international news agency Trend.az,William Lahue, NATO Liaison Officer in the South Caucasus, has stressed the importance of protection from fluctuations for countries with multiple sources of supply. He also stated that “In this process Azerbaijan is going to be important, and its importance is growing.” According to Lahue, Azerbaijan is set to be a transit country for gas imported from the western Caspian Sea region, such as Turkmenistan. Moreover, according to the assessment of the European Commission, the CIS area represents around 40% of the world’s aggregate oil production, and 33% of the total gas generation. In a report released by the U.S. Energy Information Administration on 7thJuly, it was reported that Azerbaijan's oil production is expected to remain stable at 0.87 million barrels per day in 2015 and 2016.

In order to gain a competitive advantage, oil and gas organisations must deal with their CIS projects effectively by staying up-to- date on the latest improvements in the country and by understanding how to increase productivity and profitability within the region. Oil and gas companies need to focus on learning how to encourage the production of new ventures in the CIS region as well as exploring the benefits of engaging business opportunities so as to benefit from the CIS region’s profitable oil and gas market.

Oliver Kinross, an internationally renowned business research organisation will be holding its 3rd annual Azerbaijan and Caspian Sea Oil and Gas Week on 28th-30th of September 2015 at the luxurious Four Seasons Hotel in Baku. The forum will bring together international exhibitors, 250+ delegates and 30+ top level expert speakers. The aim of the forum is to provide a platform in which oil & gas corporations, government officials, solution & service providers and global oil and gas experts who will be able to invest the abundance of new business opportunities in one of the world’s most exciting markets.

Fuad M. Ahmadov, Managing Director, Socar, Dr. Michael Hilmer, Vice President of Supply, E.ON, Magsud Mammadov, Director of External Relations, TANAP, Ramin Isayev, General Director, SOCAR, John W. Harkins, President & CEO, Greenfields Petroleum, Will Grace, General Manager, Schlumberger and Zainal Abidin Zainudin, Country Chair, Petronas and many more key decision makers are amongst the top line up of conference speakers at the event. Learn about the latest developments in the oil and gas sector, developing oil and gas fields offshore in the Caspian region, outlook on the Shah Deniz oilfield and more during the two day comprehensive programme. The event will be solely focused on developments, opportunities and challenges faced by Azerbaijan and CIS upstream, midstream & downstream sectors.

Delegates will be able to take advantage of fantastic networking opportunities including an exclusive networking reception and engage with key industry leaders and decision makers looking to learn, purchase, invest, strategise, form partnerships and facilitate exciting business opportunities at this industry leading event.

Event Highlights:

· Post Conference Workshops

· Exclusive Networking Reception + Networking Opportunities

· Case Studies & Presentations from the Government, NOC, IOCs

· Exhibition space showcasing the latest industry technologies and services

· International Networking Party

· Business Match-Making Services

· Luxury Four Seasons Hotel

For speaking opportunities, exhibition space, delegate tickets and/or press-passes contact Tannaz Rastegar on tannaz@oliverkinross.com or +44207 065 5529 or Visit www.azerbaijansummit.com

References:

Trend News Agency 2015 (http://en.trend.az/)

Azer News 2015 (http://www.azernews.az/)

All registered OilFinity candidates will receive a 10% discount. Get in touch with Tannaz for more information.
Copyright:
Oliver Kinross
Published on:
August 11, 2015
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