The 9th Gulf Intelligence Energy Markets Forum 2019 Under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of , UAE September 30th & October 1st | Novotel | Fujairah

IMO 2020 Megatrends & the Energy Transition?

TankTerminals.com by INSIGHTS GLOBAL The 9th Gulf Intelligence The 9th Gulf Intelligence Energy Markets Forum 2019 Energy Markets Forum 2019

Held Under The Patronage of National Partner His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of Fujairah, UAE

Strategically located on the Eastern seaboard of the , approximately 70 nautical miles from the Straits of Hormuz, Fujairah is the ’s leading energy hub location for oil trading, storage, and bunkering.

Under the patronage, vision and support of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council and Ruler of Fujairah, Fujairah Oil Industrial Zone with its highly sophisticated yet flexible infrastructure hosts the Middle East’s largest commercial storage capacity for refined oil and crude oil products (currently 9.5mil/m³) operated by 13 international recognized terminal operators, trading facilities within the Fujairah Free Zone and the regions premier port infrastructure have been developed to assist Gulf and International NOCs, IOCs, Global Oil Traders and Service Companies expand their commercial footprint both locally and internationally.

The Port of Fujairah in particular has grown exponentially, strategic investment in; infrastructure, facilities and comprehensive support services has enabled the port to keep abreast of the various trade and industry developments, market demands and establish the ports reputation as a globally renowned safe, efficient and progressive hub location.

The Port of Fujairah is a “One Stop Shop” for the maritime industry, providing comprehensive services such as; bunkering, ship repairs, chandlering services, vessel inspections, crew changes and a complete medical clinic dedicated for seafarers. Within the confines of the port is Fujairah Oil Tanker Terminals (FOTT), the UAE’s premier hub location for Bunkering & Oil Trading activities, specifically designed to safely and efficiently handle the high volume of crude oil and refined products imported / exported by the 13 international recognized terminal storage companies which are directly connected to the port. The Port of Fujairah offers total flexibility to the terminals by providing them access to any of the berths within FOTT or direct transfer of products between terminals without chartering a vessel via two matrix manifolds.

Fujairah Oil Tanker Terminals (FOTT) operates a total of 9 main berths, 14 wing berths & 2 dedicated barge berths, handling vessels ranging from 3,000dwt to 200,000dwt, a VLCC jetty was commissioned in September 2016 capable of handling both Fuel Oil and Crude Oil vessels from 87,000dwt to 330,000dwt. The most recent development within Fujairah have been; the full scale commercial deployment of the Blockchain distributed ledger technology, the first technology of its kind to be introduced by S&P Platts, this offers FOIZ and the terminal operators transparency through secure access to information, ease of use, and a full audit trail to collate weekly inventory oil products storage data. The deployment of this new technology coupled with advancements made in the Port of Fujairah, continued expansion of Fujairah Oil Industrial Zone (FOIZ) and the Free Zone will go a long way in establishing Fujairah as the next global oil benchmark. Also, the Port of Fujairah has recently signed a 35-year concession agreement with Ports granting Abu Dhabi Ports exclusivity to enhance existing infrastructure in addition to managing all Container, General Cargo, RoRo and Cruise Ships in the Port. The Port’s capacity is expected to reach 1 million TEUs and 700,000 tons of general cargo by 2030.

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Forum Special Guest Forum Theme

IMO 2020: Megatrends & the Energy Transition?

The International Maritime Organization’s (IMO) ruling to In the age when National Oil Companies are transitioning reduce the sulfur cap for bunker fuel from 3.5% to 0.5% to National Energy Companies, alignment of the maritime applies from the 1 January 2020 – less than a year to go. sector towards the ongoing energy transition should come The more sulfur-constrained world of 2020 onwards will as no surprise. A rapidly growing global population and have huge implications along the value chain; high sulfur increasing demand for new energy sources has underscored fuel oil (HSFO) was used for approximately 70% of the one crucial fact: we must proactively work towards resource world’s bunker fuel in 2016. Unsurprisingly, a rise in low and energy transformation. Wind and solar now vie with sulfur fuel oil (LSFO) volumes is anticipated, as is the oil and natural gas to provide new electricity generating growth of LNG bunkering and scrubbers. Yet, the search capacity. Iceland, Paraguay, Norway, and Costa Rica, for for a united and affordable game plan to post-2020 example, are leading the way with nearly 100% of their H.E. Dr. Sultan Al Jaber bunkering keeps coming up short. The market appears energy coming from renewable sources. On the other end rudderless as the tick-tock of the clock gets louder. Amid of the spectrum, however, are countries such as China – Minister of State & Group CEO the vacuum of clarity, many stakeholders are betting the world’s largest emitter of C02. The barriers to a 100% against governments’ commitment to police and penalize renewable future are multifaceted, complex as they are Abu Dhabi National Oil Company those falling foul of the ruling. Many more are standing feasible, but the ongoing energy transition is a megatrend on the sidelines with their hands in their pockets, waiting that we simply cannot avoid – especially within the maritime for strong signals before they spend billions of US dollars sector. updating their infrastructure to meet compliance. When one considers that half of global fuel oil demand in 2017 Accelerating alignment across the value chain – from (3.8million b/d) arose from the marine sector and that refiners, traders, ports to ship-owners and more – lies at more than half of this fuel oil consumption has a sulfur the heart of making 2020 compliance a reality. The energy content between 1% - 3.5%, then full compliance of the stakeholders sitting in a pitch-black IMO 2020 waiting room, marine sector to IMO 2020 will have a dramatic impact with just the 3-month countdown on show, need guidance. across the industry, in particular for the refining sector. We can hear the energy transition knocking outside. Who is The scale of the issue is enormous. going to be the first to look for the light switch?

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Confirmed Speakers Forum Structure 2019

BREAKFAST BRIEFINGS

His Highness Sheikh Saleh Bin Ibrahim Al-Buainain H.E. Admiral Mohab Mohamed Roger Chia Kim Piow Mohammed Bin Hamad Al Sharqi President & CEO Hussein Mamish Founder & Chairman PLENARY SESSION - 09:00AM - 11:00AM Chairman of Department of Industry Saudi Aramco Trading Company Presidential Adviser on the Suez Canal Rotary Group of Companies & Economy, Fujairah Chairman of the Economic Zone Projects and Egyptian Keynote Speeches & Fireside Chat Board of Port of Fujairah Seaports, Former Chairman, Suez Canal Authority, Egypt

Interactive Survey

Datuk Md Arif Mahmood Thomas Waymel Sara Akbar Neil Atkinson Executive Vice President & President & CEO Chairperson & CEO Head, Oil Industry and Markets CEO Downstream TOTSA Total Oil Trading S.A OiLSERV, Kuwait Division (OIMD) PETRONAS International Energy Agency (IEA) International Leadership Panel

Coffee & Networking Break Session B – Industry Roundtables - 11:30AM - 1:00PM

Dave Ernsberger Sara Scaramelli Dr. Zhen Wang Mike Muller Global Head of Commodities Pricing Head of Bunkers Asia, Western Bulk Deputy Director-General Director of Oil Business Development S&P Global Platts Chartering Policy Research & Head of Trading CNPC Vitol Asia

LUNCH SESSION C – PROFESSIONAL DEVELOPMENT SEMINARS - 2:00PM - 3:00PM

Frank Wouters Cinar Deniz Kurra Lisa Ward Adi Imsirovic Director, EU-GCC Clean Energy CEO Co-Founder Head of Oil Technology Network & Former Catalyst, a Masdar & BP initiative Tanker Trackers Gazprom Marketing & Trading Deputy Director-General, International Renewable Energy Agency (IRENA)

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2015 CRUDE OIL PRICE – $46

Key topic: Volatility in the new energy era – a slowdown in Asia’s growth, stabilizing oil prices in the Middle East and a fragile strand of geopolitics playing out in the Middle East and Europe. 2018 CRUDE OIL PRICE - $79 9 Years of Knowledge Exchange Nov. 2016 CRUDE OIL PRICE – $45 Key topic: How to Navigate the New Normal of Global Oil & Gas Trade Flows? Offers first view of Energy Markets after Summer... Fujairah Oil Industry Zone Appoints S&P Key Special Guests: The Annual Event for C-level executives engaged in the Trading, Storing, Global Platts to H.E. Mohammed Barkindo, Secretary General, OPEC, H.E. Distribute Fujairah Arjuna Ranatunga, Minister of Petroleum, Sri Lanka & Tan Beng Refining, Marketing and Shipping of energy to gather and exchange knowledge Weekly Oil Inventory Tee, Chief Executive Officer - Development, Maritime Port of every September on relevant and timely trends impacting their industry Data Singapore Energy Markets Forum – Historic Timeline 2011 2012 2013 2014 2015 2016 2017 2018

2011 2012 2013 2014 2017 CRUDE OIL PRICE – $85 CRUDE OIL PRICE – $97 CRUDE OIL PRICE – $106 CRUDE OIL PRICE – $93 CRUDE OIL PRICE - $58

Key topic: Aftermath of Key topic: The ongoing shift Key topic: New Event moves to Fujairah Key topic: The Gulf Energy Sector Accelerates Retooling for deadlines for the U.S. debt of the center of economic transformation after under the Patronage of 21st Century: How to Best Meet Opportunities & Challenges ceiling and a second Greece gravity from the Atlantic to significant consolidation in H.H. Sheikh Hamad Bin Presented by Asia’s Competitive Appetite & Growth? bailout the Pacific the energy industry with Mohammed Al Sharqi, The a wave of M&A activity Ruler of Fujairah, UAE and Key Special Guests: Key special guest: OPEC Key special guests: H.E. redefining the sector welcomes H.E. Suhail Al H.E. Jabbar Al Lueibi, Minister of Oil, Republic of Iraq, H.E. Secretary General H.E. Saeed Al Tayer, Vice Chairman Mazrouei, Minister of Energy, Amani Abou Zeid, Commissioner for Energy & Infrastructure, Abdalla Salem El-Badri and of the Supreme Council of Key special guests: UAE African Union & H.E. Dr. Sun Xiansheng, Secretary General, Chris Bake, Member of the Energy, Dubai and Daniel H.E. Hussain Ibrahim Al- International Energy Forum Executive Committee and Jaeggi, Group President Shahristani, Deputy Prime Head of Origination, VITOL & Global Head of Trading, Minister for Energy, Iraq 2016 Mercuria Energy Group CRUDE OIL PRICE – $49

Key topic: Soaring economic growth rates and energy demand along the South-South Corridor combined with the ease of the global oil glut.

Key special guests: H.E. Ambassador Thembisile Majola, Deputy Minister of Energy, South Africa and Hon. Jam Kamal Khan, Minister of State for Petroleum & Natural Resources, Pakistan.

Event is co-structured with the Launch of the First VLCC Jetty on the Indian Ocean Coast of the Arabian Peninsula

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Fujairah Weekly Oil Inventory Data – Timeline

SEPT. 2015 Fujairah stakeholders recommend greater transparency in Fujairah is needed to attract more foreign APR. 2016 direct investment Oil Markets Workshop – Top JUN. 2016 Recommendation: Publishing Transparency Dialogues with Weekly Inventory is the first Tank Terminals in Fujairah major transparency step to support the Publication SEPT. 2016 JAN. 2018 required to establish Fuel Oil of Weekly Aggregated Fujairah announce plans to launch Renewal of the Fujairah Data Project Agreement Benchmark Inventory Numbers Fujairah Weekly Oil Inventory Data between Fujairah Oil Industry Zone and S&P Global Platts

2015 2016 2017 2018

DEC. 2015 JAN. 2017 FEB. 2018 Special Report Published MAY 2016 Fujairah Weekly Oil Inventory Data Blockchain Agreement between Government of Fujairah Fujairah – Realizing Oil Markets Workshop officially launched and available publically and S&P Global Platts signed in London Ambitions for a Global White Paper – Top via S&P Global Platts website Energy Hub One Step at a Recommendation: Publishing Time Weekly Inventory is the first Fujairah Oil Industry Zone Publishes Inaugural major transparency step Weekly Inventory Data via S&P Global Platts required to establish Fuel Oil NOV. 2016 Stock levels as of 16 January 2017 Benchmark Fujairah Oil Industry Zone Appoints S&P Global Platts to Distribute Fujairah Weekly Oil Inventory Data Releasing Fujairah’s oil inventory data on a weekly Light Middle Heavy Distillates basis is a crucial step to nurturing Distillates Distillates Residues & the growth of a robust energy bbl 4,338,000 bbl 4,612,000 bbl 10,357,000

trading ecosystem in the emirate Brought to you by and the wider Gulf.” Gulf GIO Intelligence Source: FedCom/S&P Global Platts H. H. SHEIKH DR. RASHID BIN HAMAD AL SHARQI DEPUTY CHAIRMAN, FOIZ

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2018 Forum Partners

Selection of Attendees from 2018

Abu Dhabi Ports Fairdeal Group Monjasa AEGEAN Folk Shipping LLC MUFG Bank Ltd. AIG Fujairah Foundation for Regions Development National Bank of Fujairah (NBF) Arab Petroleum Investments Corporation Fujairah Free Zone Oando Trading DMCC (APICORP) Fujairah Municipality Oman Insurance ASEAN Centre for Energy Fujairah National Group Oman Insurance Company Astomos Energy Corporation Fujairah Oil Industry Zone - FOIZ Oman Trading International (OTI) Astomos Energy Corporation Fujairah Oil Tanker Terminal OPEC Audex Fujairah LL FZE Fujairah Oil Terminal PETRONAS Breakdown of Attendees Audex Fujairah LL FZE Future for Advanced Research and Studies Petronor Bloomberg Glandar International Bunkering PJK International B.V. Blue Pearl Management Glencore Port of Fujairah CEPSA Government of Fujairah S&P Global Platts CHINAOIL GPS CHEMOIL S.S. Controls Follow GI and CNN GTI FUJAIRAH FZC SAI Global Ministries & Government Commercial Bank of Dubai Gulf Navigation Holding Saudi Aramco Join the Discussion: Consulate General of Ghana, UAE Gulf Petrochem Saudi Aramco Trading Co. 12% Consulate General of Sri Lanka, Dubai Gulf Petroleum Supplies SEA\LNG #giforum @gulf_intel Control RiskS Hadef & Partners Seven Energy FZC Dana Gas H-Energy Mideast DMCC Sharjah National Oil Corporation (SNOC) Managers (Sales. Department of Industry and Economy, Horizons Terminal Ltd. Star Fuels Director/Heads Fujairah Marketing & BD) % % IL&FS Prime Terminals FZC Sutton Group 17 37 of Departments Digital Energy Inchcape Shipping Services Tactics Maritime Creative Communication Dubai Mercantile Exchange (DME) Jadwa Investment Tamm Oikl Trading GMBH Dubai Petroleum Legends Oil Trading & Bunkering DMCC Tebodin Middle East Ltd. Duke LNG Link Energy Est Uniper Global Commodities SE EICUK Middle East MA Production Uniper Energy DMCC Emerson Automation Solutions Maritime & Port Authority of Singapore (MPA) United Nations Emirates Diplomatic Academy Mercuria Vitol Group % Emirates Maritime Arbitration Centre (EMAC) Ministry of Energy and Industy, UAE Vopak Horizon Fujairah 34 Emirates NBD Ministry of Petroleum Resources VTTI Chairman/CEO/GM/MD Emirates Technology Solution Development, Sri Lanka West Hydrocarbons Commercial Investment Endress+Hauser Mitsubishi Corp Basra Liaison Office Wood Mackenzie ENOC Group Mitsubishi Corporation

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AWARDS 2019 FUJAIRAH THE ARAMCO TRADING

About the Awards

Recognising Chief Executive Officers with an outstanding record of achievement in the advancement of the international Energy industry and Interconnectivity across the New Silk Road.

The New Silk Road CEO Awards were conceived to celebrate the pioneering industry leaders who are spearheading the transformation of energy trading across this ancient route, which is literally changing the energy flow of world trade. Given that Fujairah has been an active trader across these oceans for 500 years, it is only fitting for AWARDS 2019 the celebration to take place outside the Straits of Hormuz in the world’s second largest bunkering hub. The One Belt One Road Initiative (OBOR) is set to be the world’s largest platform for economic cooperation, trade and financing collaboration. Reaching more than 60 countries and 4.4 billion people with a combined GDP of $21 trillion, OBOR provides the potential to redraw the global energy map through investment and FUJAIRAH development of energy infrastructure and reemergence of global trade routes. The rise of the Arab world, China th SEPT. 30 2019 and India are part of the same story, once historic trading partners via the old Silk Road. It isn’t a coincidence that Arab traders have returned to Asia at the same time that China is leading an Asian wave of nations that are fast regaining their share of the global economy.

Much of this economic reintegration from the Arabian Peninsula to the massive populations of Asia is built on a foundation of physical energy: Trading – Refining – Ports and Storage. THE AWARDS WILL RECOGNIZE CHIEF EXECUTIVE OFFICERS WITHIN FOUR CATEGORIES: Under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of Fujairah, UAE

TRADING REFINING PORTS STORAGE TRADING REFINING PORTS STORAGE

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The 9th Gulf Intelligence Energy Markets Forum 2019

Gulf Intelligence is a strategic communications & research firm effective across the full value-chain of the Middle East Energy Sector. We facilitate knowledge exchange and advance the business interests of national and international stakeholders operational in the regional industry.

Consultancy Intelligence Publishing Partnership Matrix

EXCLUSIVE TITLE PARTNER $120K

NEW SILK ROAD CEO AWARDS DINNER PARTNER $100K PREMIER PARTNERS $70K INDUSTRY ROUNDTABLE SESSION $30K BREAKFAST BRIEFING SEMINAR $20K

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