The 10th Gulf Intelligence The 10th Gulf Intelligence Energy Markets Forum 2021 Energy Markets Forum 2021

Held Under The Patronage of National Partner His Highness Sheikh Hamad Bin Mohammed Al-Sharqi Member of the Supreme Council and The Ruler of , 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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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 10 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, Refining, Global Platts to H.E. Mohammed Barkindo, Secretary General, OPEC, H.E. Distribute Fujairah Arjuna Ranatunga, Minister of , Sri Lanka & Tan Beng Marketing and Shipping of energy to gather and exchange knowledge every September Weekly Oil Inventory Tee, Chief Executive Officer - Development, Maritime Port of on relevant and timely trends impacting their industry Data Singapore Energy Markets Forum – Historic Timeline 2011 2012 2013 2014 2015 2016 2017 2018 2019

2017 2011 2012 2013 2014 CRUDE OIL PRICE - $58 CRUDE OIL PRICE – $85 CRUDE OIL PRICE – $97 CRUDE OIL PRICE – $106 CRUDE OIL PRICE – $93 Key topic: The Gulf Energy Sector Key topic: Aftermath of Key topic: The ongoing shift Key topic: New Event moves to Fujairah Accelerates Retooling for 21st Century: How deadlines for the U.S. debt of the center of economic transformation after under the Patronage of 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 & bailout the Pacific the energy industry with Mohammed Al Sharqi, The Growth? a wave of M&A activity Ruler of Fujairah, UAE and Key special guest: OPEC Key special guests: H.E. redefining the sector welcomes H.E. Suhail Al 2016 CRUDE OIL PRICE – $49 Key Special Guests: Secretary General H.E. Saeed Al Tayer, Vice Chairman Mazrouei, Minister of Energy, H.E. Jabbar Al Lueibi, Minister of Oil, Abdalla Salem El-Badri and of the Supreme Council of Key special guests: UAE Chris Bake, Member of the Energy, Dubai and Daniel H.E. Hussain Ibrahim Al- Key topic: Soaring economic growth rates Republic of Iraq, H.E. Amani Abou Zeid, Executive Committee and and energy demand along the South- Commissioner for Energy & Infrastructure, 2019 Jaeggi, Group President Shahristani, Deputy Prime CRUDE OIL PRICE - $64 Head of Origination, VITOL & Global Head of Trading, Minister for Energy, Iraq South Corridor combined with the ease of African Union & H.E. Dr. Sun Xiansheng, Mercuria Energy Group the global oil glut. Secretary General, International Energy Forum Key topic: IMO 2020 - Megatrends & the Key special guests: H.E. Ambassador Energy Transition? Thembisile Majola, Deputy Minister of Energy, South Africa and Hon. Jam Kamal Key Special Guests: H.E. Dr. Sultan Al Khan, Minister of State for Petroleum & Jaber, Minister of State & Group CEO, Abu Natural Resources, Pakistan. Dhabi National Oil Company (ADNOC); H.E. Admiral Mohab Mohamed Hussein Event is co-structured with the Launch Mamish, Presidential Adviser, The Suez of the First VLCC Jetty on the Indian Canal Economic Zone Projects & Egyptian Ocean Coast of the Arabian Peninsula Seaports; & Thomas Waymel, President - Trading & Shipping, TOTAL

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Forum Host Forum Theme 2021 How will Demand in West-of-Suez Markets Impact East-of-Suez Markets?

As a result of the rise in global Covid-19 Conversely, US domestic demand is infections, the imposition of lockdowns in likely to stay weak. According to the EIA, Europe and the US will continue to affect annual average production in the US will global oil demand in the first half of 2021. fall to 11.1 million b/d in 2021 before rising With Covid-19 infections decreasing in to 11.5 million b/d in 2022, as a result of Asia, statistics detailed by the US Energy low domestic demand and investment in Information Administration (EIA) shows capital expenditure. Moreover, European liquid fuel consumption in China will grow markets are also likely to experience peak by 6% in 2021 and by 3% in 2022, whilst oil demand sooner, as oil companies such consumption in India will grow by 12% as BP, Shell and Total are laying plans to in 2021 and by 4% in 2022. It has also reach net zero carbon dioxide emissions been forecasted by S&P Global Platts that by 2050, which is likely to accelerate the Asian oil demand will grow by 1.6mn b/d energy transition earlier than previously in 2021 and it is expected many of the expected. OPEC+ are also continuing to crude grades which will be imported into hold the global market, with Saudi Arabia H.H. Sheikh Saleh Bin Mohammed Asia will come from Europe and the US, taking a voluntary cut of 1mn/bl per bin Hamad Al Sharqi especially North Sea grades. According month for February and March. The cartel to the Norwegian Petroleum Directorate, has forecasted global demand for 2021 Crown Prince of Fujairah 14 new discoveries and 4 new fields are at 95.91mn b/d, because of economic coming on stream, which is likely to activity picking up at the end of the year, attract interest from Chinese investors. due to the roll of out Covid-19 vaccines.

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FORUM SPECIAL GUESTS Confirmed Forum Structure 2021

AWARD WINNER & SPEAKER AWARD WINNER & SPEAKER SPEAKER SPEAKER BREAKFAST BRIEFINGS

H.R.H. Abdulaziz bin Salman Al Saud H.E. Tarek El Molla Hon. Udaya Gammanpila Minister Nicke Widyawati Minister of Energy Minister of Energy President Director & CEO Kingdom of Saudi Arabia Ministry of Petroleum & Mineral Resources Sri Lanka PT Arab Republic of Egypt PLENARY SESSION AWARD WINNER & SPEAKER AWARD WINNER & SPEAKER SPEAKER SPEAKER Keynote Speeches & Fireside Chat

Interactive Survey Mohammed Y. Al Qahtani Khaled Salmeen Mele Kyari Russell Hardy Senior Vice President - Downstream Executive Director - Downstream Industry Group Managing Director Group CEO Marketing & Trading Directorate Nigeria National Petroleum Corporation Vitol ADNOC

AWARD WINNER & SPEAKER AWARD WINNER & SPEAKER SPEAKER SPEAKER

International Leadership Panel

Captain Mohamed Juma Al Shamsi Baoming Shi Thomas Waymel Ibrahim Al-Buainain Chief Executive Officer Managing Director President, Trading & Shipping President & CEO TOTSA TotalEnergies Trading SA Abu Dhabi Ports Fujairah Oil Terminal Saudi Aramco Trading Company AWARD WINNER & SPEAKER SPEAKER SPEAKER SPEAKER INDUSTRY ROUNDTABLES

Michiel Gilsing Sara Akbar Magid Shenouda Saugata Saha President - Asia & Middle East Chairperson & CEO Deputy CEO & Global Head of Trading President VOPAK OiLSERV, Kuwait Mercuria Energy Group S&P Global Platts PROFESSIONAL DEVELOPMENT SEMINARS SPEAKER SPEAKER SPEAKER SPEAKER

Dr. Sara Vakhshouri Dr. Bassam Fattouh Christof Rühl Mike Muller Founder & President Director Senior Research Scholar - Center The Oxford Institute for Energy Head SVB Energy International on Global Energy Policy Vitol Asia Studies Columbia University 9 The New Silk Road CEO of the Year Awards

THE ARAMCO TRADING The New Silk Road CEO of the Year Awards Recognize Industry Leaders with an Outstanding Record of Achievement in the Advancement of the International Energy Industry’s Interconnectivity Across the Asia- Middle East Trading Corridor.

The 5th New Silk Road CEO of the Year Awards 2021 were conceived to celebrate the pioneering industry leaders who are spearheading the transformation of energy markets across this ancient trading route connecting Asia with the Middle East & Africa, which is literally changing the direction of international energy flows. Given that Fujairah has been an active participant across these oceans for 500 years, it is only fitting for this celebration of industry leaders to take place outside the Straits of Hormuz in one of the world’s top 3 energy hubs.

China’s Belt Road Initiative is set to be the world’s largest platform for economic cooperation, trade and financing collaboration. Reaching more than 60 countries across Asia to the Middle East, and 4.4 billion people with a combined GDP of $21 trillion, the BRI is redrawing the global energy map through investment AWARDS 2021 in new infrastructure that underpins the reemergence of ancient trading routes. The rise of the Arab world, China and India are part of the same story, once historic partners along 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 FUJAIRAH 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 – Storage - Shipping

THE AWARDS WILL RECOGNIZE CEOs WITHIN FIVE CATEGORIES:

TRADING REFINING PORTS STORAGE SHIPPING The 10th Gulf Intelligence The 10th Gulf Intelligence Energy Markets Forum 2021 Energy Markets Forum 2021

2019 Forum Partners

Forum Delegates - 500 Attendees

Abu Dhabi Islamic Bank (ADIB) GAC OPEC Abu Dhabi Ports Gazprom Marketing & Trading Overseas Marine ADNOC Group Geo Chem Middle East OVERSEAS PETROLEUM & SHIPPING LLC Adyard Abu Dhabi LLC – Fujairah Branch Glander International Bunkering Pertamina Aegean Oil Terminal Corp GMS Leadership PETCO Trading DMCC Akron Group Government of Fujairah Al Massa GPS BUNKERS Petronor Al Tamimi & Company GPS CHEMOIL LLC FZC Philia Aramco Trading GTI FUJAIRAH FZC Port of Fujairah Arawak Energy International Gulf Petrochem Rais Hassan Saadi Group Argus Media Limited Hellmann Worldwide Logistics RAK Astramar Shipping, Dubai HG Storage International Limited Refinitiv Baker Tilly Horizons Terminal Ltd. Rigid 1 Projects LLC Bloomberg Howden Insurance Brokers LLC Riyyo Energy Bureau Veritas HSBC Rockwell Automation CAPEDGE OVERSEAS DMCC Ince & Co Middle East LLP (Dubai Branch) Rotary Group of Companies Catalyst, a Masdar & BP initiative Inchcape Shipping Services ROYAL OCEAN GENERAL TRADING FZC CNPC International Enterprise Singapore S&P Global Platts Commercial Bank of Dubai Intertek S.S. Controls Consulate General of Ghana, UAE ION Seamaster Maritime LLC Consulate-General of the Kingdom of the Jadwa Investment Sentinel Commodities Netherlands, Dubai Korea Gas Technology Corporation - Abu Sharjah National Oil Corporation (SNOC) Cosmo Energy Holdings Co. Ltd Dhabi SK Trading international Dubai Crystol Energy Kpler South African Consulate General – Dubai Department of Industry and Economy Kuwait Petroleum Corporation (KPC) Star Energy Oiltanking Digital Energy Macquarie Bank Limited (DIFC Branch) Star Fuels DNV GL Marasi News Suez Canal Authority Dubai Mercantile Exchange (DME) Marvel Management SA Synergy Duke LNG DMCCO MC Shipmanagement TAMMOIL International Eka Software Solution Mercuria Energy Group Ittys Middle East LLC Embassy of Kenya, UAE Monjasa DMCC Tanker Trackers Emirates Maritime Arbitration Centre NAAS Group Thomson Reuters/Refinitiv (EMAC) National Bank of Fujairah TOTAL Emirates NBD National Crisis and Emergency Management Uniper Energy DMCC Energy Institute – Middle East Branch Authority Uniper Global Commodities SE ENOC Natixis Vitol Group EU-GCC Clean Energy Technology Network Nigerian National Petroleum Corporation Vopak Horizon Fujairah Limited Excelerate Energy NOC SWISS VTTI Fairdeal Traders Oando Trading DMCC Western Bulk Chartering FNSA FUEL LTD FZE Oil Companies International Marine Forum (OCIMF) Zaitoun Green Shipping Folk Shipping LLC Zanca Consulting FZE Fujairah National Group Oman Insurance Company Fujairah Oil Industry Zone - FOIZ Oman Trading International (OTI) 12 13 Consultancy Intelligence Publishing