The 20th Annual Energy Conference
- 24 November 2015
Energy issues have been of enormous importance to the Emirates Center for Strategic Studies and Research (ECSSR) since its inception in 1994. This is significant considering the important role energy, in its various dimensions, plays in modern economies and the need to promote sustainable development efforts in energy producing and importing countries. This sector is also immensely important for the UAE, which is one of the major players in the global oil and energy markets. Since its inception, the ECSSR has always taken interest in organizing energy conference, which discusses the latest developments in this sector and highlights future scenarios.
The Center is keen to engage distinguished international experts in this field and finds ways to benefit from different sources available. It wants to build a platform for learning methods of energy conservation and maintaining sustainability while ensuring rational use of these sources and their flow to global markets. This annual conference has transformed over time into an important global platform for exchange of views and experiences about the present and future of global energy markets. It has built a strong database on energy issues, which decision-makers, researchers, business owners and those interested in the subject can benefit from.
The ECSSR’s 21st Annual Energy Conference – GCC Oil in World Energy Markets: Continuity and Change – will further this process of enrichment. This conference is important for two distinct reasons. It is being held at a time of unstable global oil market conditions, which has experienced a major decline in oil prices over the past year. This has been due to several factors including global economic slowdown, weak demand and rising supply, which could have serious repercussions for oil producing economies, especially if the decline continues for a long time.
The conference also coincides with the UAE’s celebration of the Innovation Week. President His Highness Sheikh Khalifa bin Zayed Al Nahyan (may God protect him) has announced the adoption of the Emirates Science, Technology and Innovation Higher Policy, which includes 100 national initiatives in the educational, health, energy, transportation, space and water sectors. This will help achieve an advanced scientific and cognitive shift in the UAE in the years to come. This conference, hence, is a good opportunity to learn about the latest innovation in energy technologies and their potential applications to serve the larger goals our wise leadership is striving to achieve.
The conference focuses this year on the oil sector in the GCC in light of the ongoing economic, technological and geostrategic developments. It tries to highlight methods by which the relevance of oil can be minimized in the GCC. Over the next two days, the conference will discuss a number of important issues, including international and domestic factors that determine the size and nature of oil production and GCC exports, and the impact of changes in global energy markets, oil prices, production levels, and the impact of technological changes in oil supply and demand. It will also take into account the impact of geo-strategic factors in the GCC oil industry.