Global

Oil trade interdependence: A closer, more strategic Gulf-Asia energy relationship is on the horizon  

Oil trade has flourished between Gulf National Oil Companies (NOCs) and Asian NOCs and this is reflected more broadly in trade relationships between other Arab Gulf exporters and importers throughout Asia. What’s more, this trade interdependence is set to expand further over the next decades. Future demand growth will come from Asia -- while demand for Middle East crude in North America is on the decline.


It is well known that Asian importers are concerned about their dependence on Gulf producers, but increasingly this concern is equally shared by Middle East exporters. They need to lock in growth markets in Asia and seek to expand their downstream activities there. The NOCs of the Gulf Cooperation Council (GCC) and Iraq are turning their attention eastwards.


Business and diplomacy will be increasingly intertwined in this energy relationship. The strategic importance of the relationship to both sides has led trade and investment deals to be backed by governments. Bilateral agreements are multiplying -- often imposing governments as new business partners for NOCs, accustomed to negotiating on their own.

Why you should join the webcast?


You will learn more about the:


  • Impact of unconventional oil and gas production in North America and how it changes the picture for Gulf exporters and the international oil majors.
  • Growing trade interdependence between the Middle East and Asia and how it is changing the geopolitics of oil.
  • Economic challenges that are looming in the Gulf, including the structural weakness of its labor force and rising fiscal breakeven prices
  • Challenges of increasing oil production and the need to address unemployment
  • New players and relationships in the Gulf
  • Cross investments between companies from GCC-Iraq and Asia
  • Bundled investments and structuring deals to bring local employment and create local supply chains.

Who should attend?


A must for Oil & Gas industry C-Suite and senior executives in: finance, HR, strategy, risk, legal, compliance, R&D, and M&A, this 1 hour webcast includes a question and answer period at the end of the session.

 

 


 

 


Pek Hak Bin

Pek Hak Bin

Head of Oil & Gas, ASPAC

+65 6411 8138

Hilda Mulock Houwer

Hilda Mulock Houwer

Partner and Global Advisory Leader, Energy & Natural Resources, KPMG in Qatar

+ 974 44576444

Dr Valerie Marcel

Dr Valerie Marcel

Associate Fellow, Chatnam House, Member of KPMG’s Global NOC Team

+44 (0) 207 228 7000

Tim Rockell

Tim Rockell

Director, KPMG Global Energy Institute, Asia Pacific

+65 6507 1998