His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, said that the UAE, under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has been able to establish its leading position globally, a pivotal center for global dialogue on developments and trends in the oil and gas sector, And foresee the future of this important sector.
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2019), which enjoys active UAE and international participation, contributes to shaping a prosperous future for the oil and gas industry, and identify the best ways to adapt and deal with the changes of the global energy landscape.
His Highness Sheikh Mansour bin Zayed Al Nahyan, inaugurated the 35th edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2019), which will be held at the Abu Dhabi National Exhibition Center from November 11 to 14, with the participation of more than 2,200 exhibitors.
The current session of ADIPEC focuses on promoting the concept of 'Oil and Gas 4.0', which means rethinking how the sector, in the quest to meet the growing global demand for energy, is embracing digital transformation and the application of modern technology, attracting talent and competencies, and promoting environmental leadership. To provide a prosperous and sustainable future, being the main task of the oil and gas sector in the fourth industrial age.
Following the opening of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), His Highness toured the pavilions of participating countries and exhibiting companies, briefed him on the latest technologies used in the oil and gas sector, and praised the advanced level of the exhibition.
He also visited the stand of Abu Dhabi National Oil Company (ADNOC) and was received by the Minister of State and CEO of Abu Dhabi National Oil Company (ADNOC) and its group of companies, Dr. Sultan bin Ahmed Al Jaber. During the visit, His Highness was briefed on ADNOC's strategy to implement the concept of “Oil and Gas 4.0” to cope with future developments and increase the profitability and economic return of the UAE.
His Highness was briefed on ADNOC's new business models, which build on its strategic partnerships and strengthen its business processes, with the aim of consolidating its leadership position in the oil and gas industry, focusing on the application of business mentality, and using the latest technologies to improve outputs and develop resources, to add maximum value. To the company's business through the application of artificial intelligence and big data, and «Block Chain» to raise operational efficiency and improve performance.
Activities of the first day
The first day of ADIPEC 2019 saw the official opening ceremony, which was attended by speakers from industry leaders, experts and specialists.
The Minister of Energy and Industry, Suhail bin Mohammed Faraj Faris Al Mazrouei, said that the UAE occupies a leading position in the energy sector in the world for its role in finding solutions to the challenges of energy sustainability and diversification of sources, and formulate a new energy landscape through modern technology and its applications and innovations, pointing out that the UAE strategy Energy 2050 aims to reduce carbon emissions from electricity production by 70% over the next three decades and generate 50% of energy through green sources.
He pointed out that the oil exploration and new hydrocarbon reserves strengthen the UAE's position globally, a reliable source of energy, and expressed optimism about the global oil market.
For his part, the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, stressed the importance of the vital and influential role played by «ADIPEC» in shaping the future of the oil and gas industry in the world, as it represents a global platform for all parties in the oil and gas sector on the world stage.
He stressed the need to cooperate in supporting the efforts of OPEC members and non-members outside the Organization to restore confidence in the oil markets, expressing reassurance that the recovery will return to the oil sector, and said that the market is witnessing a return to balance and stability.
Rice: Technological developments are pushing for massive human changes
Former US Secretary of State Condoleezza Rice said during the opening session of ADIPEC 2019 that the world is facing major changes on several fronts, especially economic and social, due to technological changes and developments that are currently pushing for huge human changes.
The countries of the world face the challenge of enduring these changes because of technology and their ability to show everything across borders.
She pointed out that instead of talking about change, we should talk about the opportunities that this change will produce, and look for opportunities to improve the lives of people, where it is through education, quality and modernity, in line with the change in the workplace.
"The adoption of technology in various economic and social sectors will push for the disappearance of other jobs and emergencies. Here comes the role of schools and universities to teach students the skills of future jobs in the economic sectors."
Rice praised the education of women in the Middle East, calling for greater integration of women in the diverse labor market.
ADIPEC hosts more than 50 speakers, including ministers, CEOs and corporate leaders. It also includes 200 sessions during which 980 experts will speak with more than 10,400 visitors.
An exhibition of more than 2,200 companies, including 16 international oil companies, is taking place.
29 national pavilions
The exhibition and conference will witness a large local and international participation of major companies and institutions on a total area of 160 thousand square meters, including 29 national pavilions, in addition to an area dedicated to maritime industries, where a specialized exhibition for ships and an oil platform.