Local Business

Abu Dhabi emerges as a global energy hub

Filed on November 10, 2019
BIG OCCASION: Sheikh Mohamed bin Zayed along with other senior officials at the 4th Abu Dhabi CEO Roundtable held in Abu Dhabi on Sunday. - Wam

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the 4th Abu Dhabi CEO Roundtable, where 30 of the world's leading oil and gas companies gathered to discuss key industry challenges and opportunities in today's fast evolving global economy.

The roundtable was held at Adnoc's headquarters in Abu Dhabi and hosted by Dr Sultan bin Ahmad Sultan Al Jaber, UAE Minister of State and Adnoc Group CEO. The roundtable focused on how best to utilise new technologies, people and partnerships, to responsibly provide the energy needed for sustainable economic growth.

Sheikh Mohamed welcomed the CEOs to the roundtable, which he said underlined the importance of Abu Dhabi as a global energy hub. He commended the initiative of Adnoc to bring together the world's top industry executives, on the eve of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), and expressed the hope the CEOs' discussions would help advance the global oil and gas industry.

Dr Al Jaber said the 4th industrial age is creating a paradigm shift in global growth and energy demand. "The open and wide-ranging discussion, enabled by the roundtable, focused on the key role oil and gas will play, as an essential part of the broader energy mix, in enabling tomorrow's global economy. In particular, we discussed how our industry can continue to play a key role in meeting the rising demand for energy with fewer emissions, by adopting new technologies, empowering our people, operating sustainably and leveraging partnerships."

The roundtable was moderated by the leading energy economist and Pulitzer-Prize winning author Dr Daniel Yergin, Vice Chairman of IHS Markit.

"The roundtable provided an important opportunity to discuss the critical question of the contribution of the energy and petrochemicals industries to a sustainable energy future that meets the needs of a growing world. The discussion brought focus to the essential need to develop the future talent that is required in the digital age," Yergin said.

Meanwhile, Sheikh Mohamed received separately Patrick Pouyanné, CEO, Total, and Jeffrey Sprecher, founder, chairman and CEO of Intercontinental Exchange and chairman of the New York Stock Exchange, on the sidelines of the 4th Abu Dhabi CEO Roundtable.
During the two meetings, Sheikh Mohamed discussed the prospects of joint cooperation between the French oil and gas company and US exchanges and their Emirati counterpart across energy sectors.

Sheikh Mohamed and his French and American guests touched on the agenda of the three-day Adipec, which will get underway today. - Wam

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