Ministers to Meet at APICORP Energy Forum

Dammam, Kingdom of Saudi Arabia – Tuesday 20th October 2015: Leading energy sector experts and Ministers from Saudi Arabia, Kuwait, Egypt and Bahrain, will convene in Manama on Thursday 19th November to discuss the policies, outlook and financing options available to the Arab region’s energy markets.

The industry will gather in Bahrain at the Arab Petroleum Investments Corporation’s (APICORP) Energy Forum, where some of the most respected names in the global energy industry, including specialists from Citigroup, Standard Chartered, HSBC, Abraaj Group, Goldman Sachs and the Oxford Institute of Energy Studies, will share their insight in 11 interactive sessions.

His Excellency Eng. Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources for the Kingdom of Saudi Arabia will provide a keynote speech to delegates. He will then take part in a Ministerial panel where they will discuss policy decision making in a volatile market.

In addition to Minister Al-Naimi, the panel will hear from: His Excellency Dr. Abdul Hussain bin Ali Mirza, Minister of Energy, Kingdom of Bahrain; His Excellency Eng. Tarek El-Molla, Minister of Petroleum & Mineral Resources, Arab Republic of Egypt; and His Excellency Ali Al Omair, Minister of Oil, Kuwait.

The APICORP Energy Forum takes place at a particularly tense time for the energy industry, and for the global economy more generally. As the price of oil continues to hover around the $50 a barrel mark, and with Egypt recently discovering a huge offshore natural gas field, investors will be eager to gain a better sense of where the Arab region’s decision makers are focusing their attention.

Talking ahead of the Forum, Dr Aabed Al Al-Saadoun, Chairman of the board of APICORP said: “Given this organisation’s unique ownership and mandate within the Arab energy sector, we have been able to bring together some of the most influential names in the industry, to debate and discuss the issues that really matter to governments, investors and private companies”.

“With oil prices remaining low, questions being asked about national budget deficits, and major new gas discoveries being found in the Eastern Mediterranean, this is an absolutely critical time for accurate information flow and knowledge transfer. That is what the APICORP Energy Forum hopes to provide on behalf of the sector as a whole.”

The APICORP Energy Forum is a free-to-attend, invitation only event exclusively for senior level executives operating within the energy sector. Due to high demand and limited capacity, executives and media that would like to attend should register their interest online at the earliest opportunity: www.apicorpenergyforum2015.com. For more information, please contact the media relations team directly on: APICORP@bellpottinger.com or call +971 (0) 55 559 7389.

APICORP is a multilateral development bank established in 1975 by the 10 member states of the Organisation of Arab Petroleum Exporting Countries (OAPEC). The organisation celebrates its 40th anniversary on 23rd November 2015.