OPEC bulletin 8–9/17
F o r u m
World Petroleum Congress 2017
At the 2017 World Petroleum Congress (WPC) in Istanbul a host of
high-level speakers delivered speeches and presentations focused
on key energy themes. One of the main keynote addresses came from
, Russia’s Minister of Energy, and a key architect
of the landmark OPEC and non-OPEC ‘Declaration of Cooperation’.
provides a translated and shortened version of his
remarks to the Congress, which underscored some of the key challenges,
as well as opportunities, surrounding the world’s energy future.
nergy is the foundation of social development.
Over the next 20 years, the Earth’s population
will multiply further, and process of electrification
will be brought to millions more in developing countries.
The continuing growth of global GDP will positively influ-
ence the well-being of all social classes, especially the
expanding middle class. The success of medicine and
agriculture will enable the average life span of the world’s
population to increase. This will require a power supply
increase, and according to experts, energy demand will
grow by at least 25 per cent.
However, the next 20 years will be markedly differ-
ent fromwhat we have been accustomed to over the past
100 years. It is quite possible that an energy revolution
will not consist of a single step, but if we were to close
our eyes today and open them in 20 years, I am confi-
dent that our sector will have changed considerably, and
evolved to meet the plethora of energy challenges.
This Congress has brought together the heads of the
world’s largest companies to discuss the basic vectors of
the world’s energy development. And the main issue we
are facing is how we can ensure an uninterrupted sup-
ply of energy to the global economy, irrespective of the
political and economic volatility of today.
Alexander Novak, Russia’s Minister of Energy, was one of the WPC’s
2017 main keynote speakers.