Energy policy throws up key challenges for world economy

According to the 2007 BP statistical review, 35 percent of global energy consumption the previous year was oil-based. This study was preceded by a 19-nation BBC World Service poll in which large majorities opined that current energy use was a potential threat to future peace and prosperity. Taken together, the findings indicate widespread public unease with energy policy.

For Dr. Ibrahim Abou-Sayed, Advantek International Corp Vice President and Managing Director, Middle East Region: "Research shows that the international energy market relies on the work of petroleum professionals, amid public perceptions best characterised as widespread unease. This high-level, international conference is a welcome opportunity to address these issues."

The level of consumption obliges energy professionals to collaborate on billion dollar projects that can satisfy the continuing demand for the fossil fuel, especially from the air and road transport industries. Simultaneously, the backdrop of heightened risk awareness necessitates boosting public confidence, both in large-scale oil projects and in the personnel development of the industry itself.

A number of key energy policy themes will be discussed at ITPC. Delegates will hear senior industry representatives debating "Billion-Dollar Project Execution: Interdependence & Innovation".

In the long term, adequate recruiting, developing and retaining skilled young people, while boosting the prestige of energy industry professions, could provide an antidote to the uncertainty surrounding energy policy. This message will form part of "Meeting our Global Responsibilities to People and the Industry", a panel involving Imperial College, London; ExxonMobil; BP; and Schlumberger.

IPTC 2007: A Changing World - Interdependence, Innovation and Implementation will take place 4-6 December 2007 at Dubai International Convention and Exhibition Centre.