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OAPEC Activities
Department/Administrative
Affairs Supervisor. The event
was co-sponsored by Kuwait
National Bank (NBK) and
EQUATE Petrochemical Co.
The forum was under the
slogan “Global hydrocarbons-
an industry disrupted?”; 300
participants from Arab and
foreign countries participated
in the event, including Kuwait’s
Deputy Prime Minister, Finance
Minister, and Acting Oil
Minister HE Anas Al Saleh,
and Iraq’s Oil Minister HE Adel
Abdul Mahdi.
The forum aimed at
reviewing current and future
trends in the petroleum industry
in light of current developments
in the global energy industry
through discussions between
participants
and
keynote
speakers who were mainly
senior petroleum officials and
experts.
HE Anas Al Saleh delivered
a speech tackling current
developments in the global oil
markets and the implications
of the drop of oil prices for the
OPEC member countries how
to contribute to the stability
of the oil market. HE Al Saleh
explained that Kuwait’s 2016-
2017 budget will be based on
the estimation of $25 per barrel.
He added that it is now time
for economic reforms while
stressing Kuwait’s oil sector
determination to focus on its
long term strategy for the year
2030.
HE Adil Abdul Al Mahdi
also gave a keynote address at
the conference. HE Al Mahdi
talked about current and future
Reviewing current
and future
developments in the
oil industry