Meeting: September 11, 2014: Making sense of Iraq: prospects for oil and gas exports from a troubled Middle Eastern energy producer
On September 11 2014 the Brussels Energy Club held an interactive discussion addressing the topic of:
"Making sense of Iraq: prospects for oil and gas exports from a troubled Middle Eastern energy producer"
which took place on Thursday, September 11, 2014, 6-9pm @ TUSIAD Avenue des Gaulois, 13, Brussels 1040
With special guest speaker
Ahmed Mousa Jiyad
Iraq/ Development and Consultancy Research, Norway.
Former-Senior Economist, Iraqi Oil Ministry and Iraq National Oil Company; Chief Expert, Council of Ministers; Director of OECD Dept., Ministry of Trade, Baghdad
Iraq is a country that is often in news, be it for Saddam Hussein"s ambitions; the violence taking place in the country following US intervention; or the rise of hard line jihadist groups such as the Islamic State. The country"s prominence in the international media is, however, as suggested above, due to all "the wrong reasons". Indeed, most of us would prefer to see Iraq grab the headlines by virtue of the "right reasons": i.e., that oil production is ramped up, that IOCs are made welcome, and that the country is en route to fulfilling its potential as one of the world"s leading sources of hydrocarbons exports.
While energy watchdogs such as the IEA were quite bullish on Iraqi output at the start of last year, forecasting oil production levels of over four million barrels per day by 2015, Iraq"s current crisis casts a large shadow over this prognosis. Foreign energy groups were also optimistic about the country, particularly Iraqi Kurdistan, where the KRG has sought to establish itself as the bedrock of regional energy security, especially in relation to Turkey-bound energy supplies. Even Brussels has long been configuring Iraqi gas as a possible source of supply for EU consumers in support of efforts to push through the Southern Gas Corridor. Now, as radical Islam threatens to take over the country"s vast oil fields in wake of seeming government collapse in Baghdad, making sense of Iraq"s potential to contribute towards our energy security has become no task for the faint hearted.
In order to help us come to grips with these issues, we invited Ahmed Mousa Jiyad to address the Brussels Energy Club on Thursday September 11. In particular, we asked Ahmed Mousa to brief us on the current state of play with production and export orientation in Iraq's oil and gas market, taking into account many of the challenges noted above. Whilst offering an insider's perspective and speaking off the record, Ahmed Mousa addressed the complexities, as well as the realities, of the Iraqi oil and gas markets. He also provided us with genuine insights on how Iraq energy exports will pan out during the foreseeable future, while taking into account both the risks, as well as the opportunities confronting energy investors in the country. It is quite rare that we had the chance to conduct an in-depth exploration of what is happening inside the oil and gas markets of an important — albeit much maligned — energy producer like Iraq with a highly qualified speaker originating from the country. This BREC session was not to be missed.
Program September 11, 2014 — 18.00-21.00:
- Arrival of members and guests leading into welcome cocktail
- Welcoming remarks by Dr Bahadir Kaleagasi, Chairman, Brussels Energy Club
- Setting out the debate by Dr Marat Terterov, Executive Director, Brussels Energy Club
- Presentation by Ahmed Moussa Jiyad
- Reflections and remarks by members and guests of the Brussels Energy Club, leading into Q/A session (NB: all discussions during the session will take place under the Chatham House Rule).
- Buffet supper reception and networking opportunities with the speaker
Ahmed Mousa Jiyad is an independent development consultant and scholar. He is founder and owner of Iraq/Development Consultancy and Research (DC&R), Associate of the Centre for Global Energy Studies (CGES), London, and an energy senior expert mandated by the European Commission. He studied and graduated with a BSc in Economics (Univ. of Baghdad), a Post-Graduate Diploma in Planning (Univ. of Birmingham, UK), a MSc in Development Studies (Univ. of Bath, UK) and a MA from the Fletcher School of Law and Diplomacy (Tufts and Harvard Universities, USA). He has over 40 years of extensive international professional and academic experience working with governments, local governments, academic institutions, the private sector, NGOs and international organisations in Iraq, the UK, the USA, Norway, and, with UN organizations, in Poland, former Czechoslovakia, Hungary, Uganda, Sudan and Jordan.
While in Iraq (1968-88) he worked as a lecturer at Almustansiriya University, senior economist with Ministry of Oil and INOC, chief expert and director at the Ministry of Trade, and chief expert and Head of Commission at the External Economic Relation Committee-Council of Ministers. Between 1975-88 he actively participated in negotiating major oil projects and contracts, financial agreements, project financing and bilateral economic and technical cooperation agreements. He left Iraq for the US in July 1988 as Fulbright Hubert H. Humphrey Visiting Fellow.
Jiyad is active scholar with regular participation in international conferences, workshops, seminars and related events. He has written and publishes widely since 1976 on energy and other developmental issues, and he is a regular contributor to academic, professional and industry journals and periodicals. Most of his recent contributions and publications can be found through the Internet search facilities Google, Bing and Yahoo. Ahmed M. Jiyad, an Iraqi-Norwegian citizen, was born in Iraq 1945, and has lived in Norway since October 1989.
Participation in the interactive discussion at TUSIAD venue will be free of charge for members and guests of the Brussels Energy Club. For more information please contact Mr Martin Minarik on email@example.com and/or Ms Meenakshi Raina on firstname.lastname@example.org, or visit the contacts section of our website.