Global supermajor heads to address MPGC 2010 in Kuwait

MPGC 2010 which is popularly known as the longest annual oil conference in the Middle East, is being held as part of Middle East Petroleum and Gas Week events with various networking functions, events, briefings, and conferences planned. His Excellency Ahmad Al-Abdallah Al-Ahmad Al-Sabah, Minister of Oil & Minister of Information, Kuwait, will extend his Patronage and open the three-day event and chair a Ministerial Panel with other Oil Ministers from the Gulf.

This panel is expected to be followed by Keynote Address from Mr de Margerie and Mr Brinded. MPGC which is widely acclaimed for facilitating high-quality information exchange, intellectual debate and outstanding networking opportunities, has been held annually in the Gulf since 1993, with national oil companies in the region vying to host the event. Now in its 18th year, MPGC 2010 will be held in Kuwait for the 1st time in its 18 year history, with Kuwait Petroleum Corporation as hosts.

MPGC 2010 is the flagship event of Middle East Petroleum & Gas Week, which will run from April 24- 29 and boasts seven back to back events covering the upstream, downstream, gas and product sectors of the global oil markets. The week is expected to be attended by 650 delegates from over 50 countries with over 350 expected at MPGC 2010 alone. This will include oil industry leaders, visionaries, senior decision makers and government officials to debate and discuss issues based on the theme, 'Oil Demand Recovery & Price Volatility: Growth Outlook in a Carbon Constrained World.'

Dr. Fereidun Fesharaki, Chairman of FACTS Global Energy, leading oil industry advisors for the Middle East and Asia, who will co-chair MPGC 2010 said, per MPGC 2010 theme:

"The discussions will cover demand/supply patterns resulting from demand recovery and ongoing price volatility as global oil markets move towards a carbon constrained world. Amidst the uncertainty of the timing for full economic recovery, discussion will cover OPEC's market balancing production policies, nonconventional oil production, the vast potential of upstream opportunities in Iraq, changes in the balances of market crudes and crude pricing trends with the strengthening of Middle East sour crudes and widening sweet-sour differentials. With the important development of Kuwait joining the ranks of LNG importers, MPGC 2010 provides unique opportunity to focus on the Kuwaiti oil and gas industry and an excellent forum for an open and frank discussion of all these key issues on the future of the global oil markets."

MPGC is recognised for the seniority and profile of key decision makers as attendees, including senior management from national oil companies, the oil majors, trading groups and independents, policy makers and financial institutions, from over 50 countries. In addition, nearly 80 oil industry experts, who participate as speakers, chairmen and course leaders are expected to attend both MPGC and the other Middle East Petroleum and Gas Week events.

Banks, financial institutions and professional advisors are also expected to take a high profile at MPGC. MPGC and the Middle East Petroleum & Gas Week 2010 events are being organised by The Conference Connection Inc and hosted by Kuwait Petroleum Corporation who will also host the gala conference dinner on April 26 2010. MPGC enjoys outstanding energy industry support via sponsorship from key organisations including, BP, Shell, Total, Dubai Mercantile Exchange, ExxonMobil and Vitol, with Oil and Gas Journal as official publication.