Ghadan Risk Management - Private
The Baghdad International Energy Forum (BIEF) is taking place at a crucial time, providing a strategic platform for dialogue between regional and international decision-makers and energy experts. Organized in collaboration with Ghadan Risk Management, the Iraqi Ministry of Oil, SOMO, the Iraqi Institute for Dialogue, and the Media and Communications Authority, BIEF puts Iraq at the center of discussions on the future of energy.
Forum: A strategic move for Iraq
The forum comes to reflect Iraq's pivotal role in the global energy market, as the second largest oil exporter in OPEC and one of its founders. It aims to transform Iraq into a center for strategic dialogue in the energy sector, building on the success of the seventh Baghdad Dialogue in the political sphere, and extending this influence to the oil and gas industry.
Vision and ambitions
The forum focuses on consolidating Iraq's position as a strategic hub for the production and development of oil and gas resources, while keeping pace with global shifts towards sustainability and a green economy. It aspires to build an integrated national energy sector that balances traditional hydrocarbon resources with renewable energy to ensure the sustainability of giving for future generations and placing Iraq at the center of the global energy transition.
Forum goals
The forum pursues several strategic objectives:
Strengthening international partnership in the development of the Iraqi energy sector.
Explore new solutions to improve efficiency and reduce costs.
Discussing the future of the oil industry in light of the global clean energy transition.
Promote investment in natural gas as a strategic option for energy security.
Linking technology to national policies through digitization and artificial intelligence.
Highlighting the role of corporate social responsibility in serving the community.
Provide practical recommendations for decision makers to develop national energy policies.
Participants
The forum is sponsored by the Iraqi Prime Minister and will feature OPEC Secretary General Haitham Al-Ghais, who will deliver a keynote speech.
Several ministers from OPEC countries such as Saudi Arabia, Russia, UAE, Qatar, Kuwait, Venezuela, Iran, Algeria, Libya, Nigeria, Bahrain and Oman are also participating.
More than 50 global energy companies.
More than 20 ministers from countries in the region.
Media delegations specializing in energy coverage.
Forum themes: Roadmap for National Industry
The hubs focus on strengthening Iraq's position in the global energy industry:
Digitalization and artificial intelligence: To increase efficiency and transparency and achieve international competitiveness.
Advanced technology in exploration and production: to keep up with scientific advances and minimize costs.
Prospects for the oil industry in light of the global energy transition: Strengthening Iraq's role as a responsible energy provider.
The energy transition and its support for traditional industry: to create a balance between traditional and renewable energy.
The dynamics of oil prices and global financial markets: Understanding the impact of global policies on the Iraqi market.
Utilizing natural gas as a lever for development: To build an integrated industrial base and reduce dependence on imports.
Downstream and refining industries: To boost value-added, reduce imports and create jobs.
The Baghdad International Energy Forum is a strategic step to enhance Iraq's role in the global energy market and provides a vital platform to discuss challenges, seize opportunities, and chart a safe and sustainable energy future for future generations.
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