Vienna, July 5, WAM/ Today, in the Austrian capital, Vienna, with the participation of the UAE, represented by the Ministry of Energy and Infrastructure, the work of the eighth edition of the international “OPEC” conference, which is being held under the title “Towards a sustainable and comprehensive transition of energy” and “energy security” kicked off. .
The conference, which will be held in the historic Hofburg Palace in the center of the Austrian capital, Vienna, will discuss a wide range of energy issues, including the future of world energy, oil investments, market stability, energy security, technology and innovation, as well as discussing ways to reach a safe and stable international oil market by strengthening cooperation and dialogue around the world.
His Excellency Haitham Al-Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), affirmed that the OPEC International Conference has a long record regarding the quality of the participants and the high level of discussions that revolve around the main issues affecting the energy sector, especially in light of the current conditions the world is witnessing.
His Excellency said that the conference, in its eighth edition, is witnessing wide international participation from the ministers of the member states of the organization and its allies from outside the organization and those concerned in the energy sector, companies, banks and investment companies, as the current session of the conference is witnessing a discussion of the sustainable and comprehensive transition in the energy sector.
The future of energy.
The first day of the “OPEC” international conference, in its eighth edition, witnesses a review of the current global energy landscape and future directions with the participation of world oil and energy industry leaders. Energy, which includes goals related to energy security, affordability, and the need to reduce emissions.
Climate neutrality.
The first day also witnesses a discussion of investments and financing in the energy sector, highlighting challenges and opportunities, and keeping pace with the future to achieve climate neutrality through technology and innovation, as well as applying advanced technologies to significantly reduce the carbon footprint of the industry, and this includes a variety of technologies, including carbon capture, use and storage. using blue hydrogen, converting crude oil into chemicals, and integrating renewable energy sources.
Energy challenges.
The second day of the conference will witness a discussion of future challenges for the energy sector and how to build sustainable and reliable systems, in addition to reviewing the pace of energy transitions around the world and climate change policies, in addition to economic diversification in energy through multiple tracks and the role of international cooperation in that.
The “OPEC” international conference will be accompanied by a specialized exhibition with the participation of major energy companies around the world, during which they will review trends and innovations related to the latest technologies and developments across the oil industry and the value chain, in addition to strengthening bridges of dialogue and future cooperation.
The current session of the “OPEC” conference is also witnessing the presentation of 5 prestigious awards: the OPEC Journalism Award, the OPEC Research Award, the Best Energy Research Institute Award, the Best Research Paper Award in the energy field, and the OPEC Award for Best Young Professional in the field of energy.
The awards aim to honor individuals, institutes and institutions with outstanding contributions to the oil industry and related issues.
“Youth Empowerment”
In view of the importance of students and youth for the future of the oil and gas industry, the organization and its member countries are constantly striving to support education and training opportunities and increase student participation in the international events of the organization.
As part of the activities of the “OPEC” International Conference in its eighth edition, the organization invited its member countries and the host country, Austria, as well as other consuming countries, to nominate qualified students to attend the panel discussions, with the aim of helping interested youth to learn more about the oil industry, and to introduce them to the issues and challenges facing global energy markets.
OPEC seeks to increase youth awareness and understanding of its goals and objectives, thus contributing to enhancing knowledge of the energy industry among youth and expanding their professional opportunities.
Since the launch of its first session in 1969, the OPEC International Conference has witnessed a broad momentum in discussing energy issues and building bridges of cooperation and dialogue in order to anticipate the future of the energy sector, face challenges and find innovative solutions for it, with the participation of producing and consuming countries, to ensure securing energy supplies for all peoples of the world. The seventh edition of the OPEC International Conference, which was held in 2018, was a great success, as it was attended by more than 950 participants from fifty countries, including 60 ministers and CEOs.
2023-07-05 07:59:08
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