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OPEC, Sahara Group, Others to Chart Future of Petroleum at Vienna Seminar

OPEC, Sahara Group, Others to Chart Future of Petroleum at Vienna Seminar

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Leading International Energy Conglomerate, Sahara Group will join world leaders and other stakeholders to underpin the importance of collaboration in safeguarding the future of Oil at the Organization of Petroleum Exporting Countries (OPEC) 7th International Seminar scheduled to take place from June 21 -22, 2018 in Vienna, Austria.

Sahara Group is one of the frontline participants at the OPEC Seminar, a position that reinforces Sahara’s thought leadership role and its commitment to facilitating conversations that will bolster the sector with key considerations for transparency, market balance, safety and environmental protection.

Thematically speaking, the 2018 edition mirrors the subject of the first OPEC International Seminar held in September 2001 which focused on sustainability within the sector. This year’s theme, “Petroleum – Cooperation for a Sustainable Future”, will be discussed by over 800 delegates, including 100 ministers, chief executives, leading scientists and energy experts.

Speaking ahead of the event, Tope Shonubi, Executive Director and Co-founder, Sahara Group stated: “Sustainability may be more crucial to the future of energy than any other field. Since OPEC was formed in 1960, we have continued to witness the impact of energy sector market forces on global socio-economic and political outlook. This all-important conference provides a platform for the most influential stakeholders to discuss the sustainability of oil through the bonds of global cooperation.”

Shonubi said it was imperative for all stakeholders in the sector to embrace the quest for delivering petroleum products in a manner that aligns with global best practice for safety. “At Sahara Group, it is always safety first for us; safety for consumers and of course, the environment. This is what provides the foundation for the sector’s sustainability as we continue to seek new frontiers for expansion and alternative energy sources.”

OPEC’s Secretary General, HE Mohammad Sanusi Barkindo, said that the Organization was delighted to receive the support of Sahara Group and other stakeholders, adding that: “The support of our valued sponsors such as the Sahara Group is absolutely vital to the success of OPEC’s 7th International Seminar. I have no doubt that they will make an immense contribution to this historic event. We are very appreciative to Sahara Group and all other corporate sponsors of the 7th OPEC International Seminar.”

Shonubi will join several speakers and panelists to discuss “World Economy and the Future of Oil” during one of the sessions. Others speakers at the 2-day event include: HE Dr Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, Nigeria, HE Dr Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry, Qatar, Dr. Urban Rusnák, Secretary General, Energy Charter Secretariat, HE Suhail Mohamed Al Mazrouei, Minister of Energy and Industry, United Arab Emirates and HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, Kingdom of Saudi Arabia.

Head of Corporate Communications, Bethel Obioma said, “The OPEC International Seminar is virtually unparalleled in its capacity to invoke the most pertinent and pressing conversations concerning the subject of Oil. It also facilitates policy making and galvanizes all stakeholders into action. Sahara is proud to play its part in ensuring the success of the seminar and looks forward to positive outcomes from the parley.

Sahara Group which has operations in over 20 counties across six subcontinental regions is also one of a select number of companies that will partake in an exhibition which is held at every event to complement the seminar.

The 2018 OPEC International Seminar will also seek to reinforce OPEC’s longstanding commitment to strive towards a secure and stable market in support of a healthy global economy. OPEC continues to spearhead a shared vision for the restoration of oil market stability and its potential positives for the global economy through collaboration with non-OPEC producers, oil industry stakeholders, multilateral agencies and the broader global community.


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