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Dubai: First Global Meeting of National Oil Companies to Be Held Later This Month - ASHARQ AL-AWSAT English Archive
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DUBAI, Asharq Al-Awsa – Marsh Inc., today announced it will host the first ever global risk advisory conference of the world’s national oil companies (NOCs) in Dubai, February 26-28. These state-owned enterprises manage roughly 80 percent of the world’s oil supply and are rapidly growing in their importance to the global energy scene.

The Marsh National Oil Company Conference will be held under the patronage of the His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, and will feature speakers from Saudi Aramco, Petrobras, Statoil ASA, Nigerian National Petroleum Corporation and other organizations. Marsh Chairman and CEO Brian Storms will discuss emerging risk topics in the oil and gas industry to open the conference, which is being attended by senior officials, representatives and delegates from dozens of countries.

A broad array of topics will be discussed during the two-day event, including knowledge transfer among NOCs, governance, measurement of enterprise-wide risk, and operational challenges tied to cross-border investments.

“It’s increasingly clear that state-owned oil companies will play a major role in determining where the world’s petroleum-based energy supplies will come from in the future,” said Jim Pierce, Managing Director of Marsh’s Global Marine & Energy Practice. “We’re proud to bring together many of the world’s NOCs and host this important gathering of international energy executives, experts and business leaders.”

Over the course of two days, the conference will feature both presentations and breakout sessions that address the NOCs transition from their respective national stages to a global platform.

“We expect this ongoing shift will have far-reaching ramifications for governments, businesses and consumers,” said Andrew George, Marsh’s Marine & Energy leader in Dubai. “We’re hopeful this conference will promote an open dialogue on the risk issues and business challenges NOCs face, and foster greater awareness and collaboration among companies that are assuming critical leadership roles in the global energy market.”

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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