In 2016, crude oil prices will rise, on average, to about $63 per barrel and in 2020 to about $80 per barrel
The National Energy report includes the most recent information on the oil and gas sector: projections for economic growth, the role of energy in the country’s economy in the coming years, the analysis of the structure of government and state regulation, the analysis of energy consumption in the world, forecasts of production volumes in the country, investment attractiveness and etc. According to the data, International investment climate in the hydrocarbons sector has high competition, especial in regards to oil. Experts predict a rise in oil production by non-OPEC projects within the scalable production of unconventional methods, ending the 10-year-old “super cycle” of pricing commodities, slowing demand growth in China, as well as disinvestment by international oil companies and independent players. Therefore, it is possible to see where it leads at the X KAZENEGRY Eurasian Forum.
The focus of the three-day deliberations of the Xth KAZENERGY Eurasian Forum will be all at significant events of contemporary energy and political agenda, transforming the oil, gas, and energy markets. Also to be considered will be the integration processes, formation of long-term trade, economic and energy partnerships, ensuring global energy security, especially in the European and Asian regions.
It is important to note that the experts in the industry will visit the site again , uncluding the heads of state agencies, top managers of national and international energy companies, and leading industry experts: Prime Minister of Kazakhstan Karim Massimov, former Prime Minister of France(2007-2012), François Fillon, the special representative of the UN Secretary General and CEO of the Initiative on Sustainable Energy for All (SE4All) Dr. Kandeh K. Yumkella, Director General of the International Renewable Energy Agency (IRENA), Adnan Z. Amin, President of the World Petroleum Council, Joseph Toth, Secretary General of the International Gas Union (IGU) Paul Rasmussen and others.
The program of the Forum provides for joint activities with experts from the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the Energy Charter Secretariat, the World Petroleum Council (WPC), the Society of Petroleum Engineers (SPE), and other organizations.
The Forum plans to conduct an oil and gas conference on the establishment of the Silk Road Economic Belt: “Energy Security in the Eurasian Region: A New Mechanism for Cooperation.” The conference is to be held about the proposal of the Chinese Academy of Engineering, and is associated with the initiative to create the economic zone of the Silk Road, launched during the meeting of the heads of state of the Republic of Kazakhstan and China in September 2013.
More information about the Forum’s program can be found here: http://kazenergyforum.com/
Press & PR Office