Moderating an energy session with Rex Tillerson, CEO of Exxon Mobil.
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A panel discussion on recent global energy trends with the vice president of BP, Dev Sanyal.
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Selected TV & Radio
- The G7 Price Cap on Russian Oil
- Saudi Arabia's Green Energy Strategy
- OPEC, the IEA and Global Oil Demand
- Inflation, Oil Prices and Pain at the Pump
- Energy Volatility and the Way Ahead
- The Global Impact of Russian Gas Shutoffs to Europe
- The Strategic Petroleum Reserve and OPEC+
- The American Ban on Russian Energy Exports
- The Energy Dimension of the Ukraine-Russian War
- The State of the Emirati Natural Gas Sector and Renewable Energy Development
- The Global Oil Price and Renewable Energy Development in the UAE
- Gazprom to Appeal Arbitration Award
- Nord Stream 2 and the Dynamics of EU Energy Security
- The Impact of Shifting Geopolitics on MENA Energy
- Russian and EU Gas Trade
- The OPAL Case and EU Energy Security
- The Munich Attack and New Terrorism Scare
- Battle For Mosul: A Do or Die Test for Iraq
- President Obama and American Energy Policy
- Libya: Welcome to Arms
- OPEC Policy and Oil Production
- Sinking Barrel: Who Will Pay for Cheap Oil?
- Sputnik News: The Oil Price Collapse and the GCC
- Guessing Game On the Price of Oil
- Harvard University: The Arab Spring and the MENA Energy Sector
- Vienna Talks: Taming the Iranian Atom
- Implications of Dallas Event
- OPEC to Maintain Production in Low Price Environment
- Black Monday: The Decline of the Oil Price
- Sputnik News: Vienna Talks, Taming the Iranian Atom
- The Political Economy of Subsidy Reform in MENA
- Sputnik News: EU Energy Union
- New York Times: Algeria's Liberation, Terrorism and Arabization
- Energy and Economic Challenges for Egypt's New Leadership
- The Next Arab Energy Revolution?
- NPR: Egyptians Fear Power Outages Could Fuel More Unrest
- Emirates 24/7 Interview: The Shale Revolution and MENA
- German Foreign Office: The Geopolitics of Shale Gas
- New York Times: Opec's Firm Action
- AME Info: Geopolitics and the MENA Energy Sector
- Financial Times: MENA Energy Dialogue
- Russian National TV: Shale Gas and the EU (in Russian)
- Al-Jazeera: Tepco and the Japanese Energy Sector
- Dubai One: New Steps in the UAE Energy Sector
- Dubai One: The Gulf Turns Eastward
- Dubai Eye: Nuclear Energy in the UAE
- Al Jazeera: The Impact of Fukushima on the Global Energy Sector
- Russia Today: MENA Protests and the Position of the West (in Arabic)
Interview with Dubai One about Gulf energy issues.
Selected Article Quotes
- Israel and Lebanon's "Historic" Maritime Border Agreement Paves Way to Unlock Gas Riches
- Exclusive Interview: OPEC and US Relations in a Time of Transition (in Italian)
- Asia-Pacific Keeps Faith with Nuclear Power
- NewMed Advances Renewables Ambition after agreeing JV with Compatriot Enlight
- Egypt Adopts Power Rationing in Bid to Raise LNG Exports, Ensure National Security
- Egyptians are Sweating so Other Countries Can Stay Cool
- Asia Pacific Keeps Faith with Nuclear Power
- Iran Oil Exports to China on the Rise, West Distracted by Russia-Ukraine
- Biden Admin. Pushed Germany to Delay Oil Ban
- Europe Turns to North Africa in a Bid to Replace Russian Gas Volumes
- Russia's War Against Ukraine Alters Europe's Energy Landscape for Good
- Can Qatar Displace Russian Gas to Europe? (In Dutch)
- The United States and UK Apply Pressure on Putin by Sanctioning Russian Crude (In Spanish).
- Energy Infrastructure at Risk Amid Tense Situation in the UAE
- Egypt, Israel and Greece Sign MoUs on Deeper Collaboration in Gas
- Biden Releases Strategic Oil Reserves to Combat the Threat of Inflation (in Spanish)
- Skepticism Behind the Scope of China's Carbon Neutrality Pledge by 2060 (in Spanish)
- Oil Price Turmoil: How Saudi Arabia's $100 Bln Gambit Could Backfire
- Covid-19 Menaces the Oil Market
- Missed Opportunities and Failed Integration in the GCC
- Iran Hit Hardest As Oil Price War, Coronavirus Cripples Nation
- Supertanker State: How Qatar is Gambling its Future on Global Gas Dominance
- Expiring Qatari Contracts Puts Japanese Buyers in Control
- Attack on Oil Facilities Exposed Critical Gaps in Saudi Expensive Military Defense Umbrella
- Halliburton Offshore Contract Raises Hopes for Kuwaiti Oil Sector Activity
- ISIS Militants Likely to Target More Syria Gas Pipelines as They Lose Ground
- Energy Crisis: Qatar Eyes Opportunity to Strengthen Ties with UK
- Egypt Agrees to Restart Gas Exports Lebanon, Flows Could Start in Early 2022
- Pearl Secures US Financing to Help Increase Production at Kurdistan Gas Project
- The Iranian Fuel Dilemma
- What's Behind Lebanon's Latest Oil and Electricity Crisis?
- Can Iran Fill Lebanon's Energy Vacuum?
- Green Hydrogen: The Gulf's Next Big Fuel-or a Load of Hot Air?
- Egypt Restarts Major LNG Project On Rising Demand
- Egypt LNG Restart Optimism. No Substitute for Gas Strategy
- Saudi Arabia in Discussions to Sell Aramco Stake in Bid to Raise Funds for Vision 2030
- Supertanker State: How Qatar is Gambling Its Future on Global Gas Dominance
- Oman to Post Record Output
- Saudi Arabia Pursues Two Objectives By Deploying its Against Other Oil Producers
- Total Eyes USD 7 Billion Investment in Iraq to Develop Gas and Solar Power
- Covid-19 Menaces Oil Sector
- Iran Hit Hardest As Oil Price War, Coronavirus Cripples Nation
- Expiring Qatari Contracts Put Japanese Buyers in Control
- Three Obstacles to Trump's Oil Plan in Syria (Turkish)
- Qatar to Diversify Export Base With Increased Exports
- Crude Rallies On Iranian Tanker Attack But Global Oil Stocks "Offer Insurance"
- Exxon Becomes First Foreign Company to Pull Staff from Iraq After Security Warning
- Opec Ministers Meet in Jeddah Amid Iran Tensions
- Austrian Government has Taken a Pragmatic Stance Towards Nord Stream 2
- Yemen's Hopes of Restarting LNG Exports Faces Major Security and Political Tests
- Sanctions Coming? EU Gas Giants Weigh Nord Stream 2 Risks and Benefits
- Sun Setting on UAE Imports as Gas Loses Ground to Solar
- Jordan LNG Imports Slump As Egypt Resumes Pipeline Flows
- Saudi Arabia's Influence in the Oil Markets
- Iran: Sanctions Cast a Long Shadow
- Qatar LNG Expansion Further Blow to Future U.S. Exports
- Russian Energy Trade and the EU
- Iran Seeks Energy Allies as Sanctions Bite
- Rising Prices and Lack of Services Drive Protests in the Middle East
- Nuclear Energy Development in Africa and Future Trends
- Stockholm Ruling Against Gazprom and its Impact
- Qatar Gas Transport
- Future Trends for the National Iranian Tanker Company
- In the Spotlight: National Shipping Company of Saudi Arabia
- Sharjah to Launch Exploration Tender this Summer
- Abu Dhabi's First Licensing Round Draws IOC interest
- ADNOC Eyes Asia-Pacific Markets With Downstream Expansion
- Hamstrung by U.S Sanctions, Iran Tilts East for Trade Opportunities
- Nuclear Energy Potential in Africa
- Nord Stream 2 and EU Energy Security
- U.S. Could Become the World's Top Oil Producer
- UK LNG Imports on the Rise Amid Geopolitical Tension
- Russian Gas Exports to the EU Increasing
- Rosatom and Congo Sign a Memorandum of Understanding for Nuclear Expertise
- The Growth of Nuclear Energy In Africa (French)
- Los Megaproyectos de Energías Renovables Que Están en Marcha en el Mundo (Spanish)
- Turkey "Cannot Risk Fallout" From Halting ExxonMobil Drilling Offshore Cyprus
- A New Flashpoint for East Med. Energy Production?
- Russian Gas Exports to the UK
- Shafiq's Election Withdrawal Deprives El-Sisi of Only Serious Rival
- Kuwait to Tender Offshore Exploration Contracts
- The Five Most Important Megaprojects For Solar Energy This Year
- Adnoc Distribution IPO to Spur More Listings in the Energy Sector
- Nuclear Power Challenges in Europe
- Russia Finances Egypt's First Nuclear Plant (in German)
- The Obama-Netanyahu Affair: To What Extent Are US-Israeli Relations on the Rocks?
- Kuwaiti Gas Production Issues
- Notice Signed for Nuclear Power Plants at El-Dabaa
- Egypt-Russia Expected to Finalize Nuclear Deal
- North Sinai Development Plan to Combat Terrorism
- Egypt's El-Dabaa Nuclear Power Plant: Delivery Scheduled for 2029 (in French)
- Oil Prices are to Hold on to Gains As OPEC Mulls Output Cut Extension
- Rosatom and its Egyptian Partners Sign Nuclear Deal (in French)
- Mabrouk Gas Field has Khazzan-Scale Potential
- Changes from Above in Saudi Arabia
- Oman to Increase LNG Exports in 2018
- Trump-Sisi 'Bromance': Real or Exaggerated?
- Abu Dhabi National Oil Company Not Immune from IPO
- U.S. Iran Tensions, OPEC Decision to Impact Oil Prices
- ISIS Still Stealing, Spilling and Smuggling Oil Throughout Iraq
- India to Import More Oil From the U.S. As Energy Ties Grow
- Uproar in Egypt Over Hike in Mobile Recharging Cards
- OPAL Case Resolved: European and Russian Cooperation
- Does the Bible Say There is Oil in Israel?
- Two Years of Egypt's 8.2 Billion Gift to the World
- Arab Gulf Firms Set Their Sites on the Region's Growing Appetite for Solar Power
- ADNOC Looks Overseas for Partners and Investors
- Middle Eastern NOCs on a Modernization Drive
- The "Pipelineistan" Conspiracy: The War in Syria has Never Been About Gas
- The Emerging Trump-Sisi Relationship
- Oil Storage Deal to Boost India's Energy Security
- Fuel and Fury: Mexico's Energy Price Reform
- Arab Gulf Firms Set Sights on Growing Market for Solar Power
- Trump's Secretary of State: A Boon or Blow for US-GCC Relations?
- A New Wind for OPEC?
- Barzan Delay Challenges Qatari Ambitions
- The Upstream Movement: Oil Producers Must Invest to Avoid Another Crisis
- Chinese Oil Firm Likely to Hold Stake in Adco Concession, Experts Say
- Egypt's Poor Suffer the Plauge of Inflation
- Shell to Supply 1 MTPA to Egypt
- Tillerson's Experience in Oil to Come in Handy with Mideast Dealings
- US Needs Erdogan as Ally to Put Pressure on Russia
- Bahraini LNG Enters the Debt Market
- Should the US Extradite Gulen?
- Solar Ousting Gas in the UAE
- Groningen Cap Overshadowed by Brexit
- OPEC Ends with No Changes in Oil Production
- Smaller Producers Have Little Say at OPEC Meeting
- Crude Stocks Fall, Oil Cuts Losses
- Kuwait Digs Deep to Raise Energy Stake
- Key Issues OPEC Must Wrestle With at June Meeting
- Why Saudi Arabia Can Really Get to 9 GW Renewables Now
- OPEC Differences Seen As Persisting in Next OPEC Meeting in Vienna
- Shell and Apache to Start Fracking in Egypt This Month
- Saudi Arabia and Shift in Gas Strategy
- Russia Steps Up Economic Investment in MENA
- The Gulf's Growing Pains
- Saudi Arabia Still Reluctant to Cut Oil Output
- Taking Control: Israel and Leviathan Field Development
- India's Tie Up With Adnoc on Oil Storage to Give Energy Security
- Qatar Hits the Gas to Ride Out Economic Storm
- Russia -Egypt Deal Faces Technical , Security Challenges, But Has Political Fair Wind
- Guessing Game : Oil May Stay Up Or It May Go Down
- Egypt Signs First Batch of Exploration Deals
- Radio Free Europe: Crude Reckoning: The Far Reaching Unexpected Effects of Falling Oil Prices
- El Mecurio: The Decline in Oil Prices Promotes Renewable Energy in the Gulf (in Spanish)
- Have Saudis Left it Too Late to Go Solar?
- Egypt Pays USD $2 Billion in Gas Debts
- Saudi Arabia Still Reluctant to Cut Oil Output, Fears Losing Market Share
- Can Subsidy Cuts Curb the Energy Black Market?
- Oman and Downstream Petrochemical Investment
- Iran's Gas Industry Faces a Long Road Back
- EGAS to Fight Compensation Ruling in Favor of Israel Electric, EMG
- International Business Times: Egypt Gas Field Discovery: Finding Could to Set Nation on Path to Energy Independence
- Al Arabiya: Why Egypt Has a Different Take on Russian Airstrikes in Syria
- MENA LNG Exporters Set to Lose Market Share
- Alternative Energy Sources Not to Fully Cover Energy Needs of Japan
- Fair Observer: Power and Energy, The Egyptian Presidential Election
- Saudi Arabia Unlikely to Cut Oil Production, Aims to Seize Market Share
- The Africa Report: Aid Vs. Lower Oil Prices, Egypt's Conundrum
- The Fuse: Shale Boom Extends Its Reach to US Diplomacy
- Arab Leaders Gather in Cairo And Crown General Sisi as President of Egypt
- BP Awarded Two New Egyptian Exploration Licenses
- American Chamber of Commerce in Egypt: Fuel Starved Egypt Jumps on Shale Bandwagon
- How the Arab Spring Shakes Up Oil Markets
- When Too Much is Never Enough
- Al Rai: Gas Shortages in the GCC (in Arabic)
- Saudi Arabia's Oil Price Gamble to Save OPEC
- Egypt Oil and Gas: Egypt's Oil Spill Preparedness
- Middle East LNG Imports Takes Root
- Sputnik News: Domestic Reforms, Foreign Investment Could Boost Iran Energy Export
- The Fuse: Solar Energy to Take Off In the Middle East and North Africa
- Sputnik News: What Happens with the Lifting of the US Oil Export Ban?
- Wharton Business School: Energy in Saudi Arabia, A kingdom Running on Empty?
- Interfax: Pakistan Looks to Secure Diverse Gas Supplies
- Natural Gas Daily: Kuwait Retenders Parked Jurassic Project
- Renewable Energy World: 1 GW Solar to Sunlight Steam Breakthrough for CSP
- Energy World: Egypt Struggles to Meet Burgeoning Energy Demand
- Gas Strategies Interview on Trends in the MENA Energy Sector
- Supply Chain Risk in a Turbulent World
- Global Arab Network: Immediate Need For Alternative Energy in the Gulf Region
- Special Report: Carbon Capping in the Gulf
- Gulf News: Asian Companies Could Be Part of Oil Concessions as Ties Grow
- MEES: Qatar Looks to Adapt Amid Shifting Global LNG Landscape
- Gulf News: Energy Experts Rule Out Changes in Saudi Oil Policy
- Sputnik International: Politics Secondary Factor in U.S.-Saudi Arabia Oil Game
- Middle East Eye: Egypt's Power Outages Continue to Intensify
- Trade Arabia: Steam Generation Urged for EOR in the Gulf
- Kuwait Times: Kuwait Looks for Way Out of Domestic Gas Conundrum
- CSP Today: Solar Plays, Admist Oil Havoc
- Gulf News: Iran Oil to Put Pressure on Prices as Nuclear Talks in Critical Stage
- Carbon Brief: How Low Oil Prices Affect the UK's Climate and Energy Policy
- Gulf News: Oil Price a Key Challenge in 2015
- Reuters: Lower Oil Price "Double Edged Sword" for Energy Hungry Egypt
- Gulf News: Russia Faces Budget Deficit as Oil Prices Plunge
- Times of Oman: Economics of Steam Generation
- Time: Why ISIS Can Survive Without Baghdadi
- Egypt Oil and Gas: Arab Oil Aid and the Path to Egypt's Upstream Independence
- Gulf Times: QLC Forum Debates State of the Region
- Time: How to Financially Starve ISIS
- Zawya: Qatar Leadership Center State of the Region
- World Bulletin: Low Oil Price to Impact Iran More than Sanctions
- MEES: Egypt Enjoys Unexpected Bid Round Success
- Energy News: International Energy Investors Return to Egypt
- Middle East Eye: Egypt's Energy Crisis Tests Sisi's Leadership
- CSP Today: Could CSP Power the UAE?
- Egypt Oil and Gas: The Implications of Egypt's Energy Price Rises: Prosperity Through Pain?
- Egypt Oil and Gas: Will Confidence in Sisi Translate into Oil and Gas Investment?
- Gulf States Newsletter: Lots of Talk, But Little Action on GCC Subsidy Reform
- The Growing Threats to Security in Egypt's Oil and Gas Sector
- SME Advisor:: DSG Lecture Examines Impact of EU's Diversification Strategy on GCC
- Emirates 24/7: GCC's GDP Will Rise by 56% by 2020
- Al Arabiya: Egypt: No Longer a Gaza Power Broker?
- Daily News Egypt: Al-Sisi's Reality Check
- CSP Today: Saudi Arabian CSP Vies for a Place in the Sun
- Gas Matters: It is Coffee Time for Jordan as it Seeks New Energy Supplies
- Natural Gas Daily: Iran's Gas Industry Faces a Long Road Back
- Atlantic Council/IMF: The Political Reform of Energy Subsidy Reform in MENA
- Oil and Gas Journal: Middle Class Key to Energy Subsidy Reform, Says Experts
- Middle East Eye: Militants Sell Oil From Captured Iraqi Regions, As Price Hike Predicted
- Reuters: Egypt's ElSewedy Wins State Tender for Wind Farms
- Natural Gas Daily: Kuwait Shakes Up the Gulf with LNG Deals
- Natural Gas Daily: Oman Tackles Gas Demand as Shortage Looms
- Al Arabiya: Egypt on High Alert Ahead of Sisi's Inauguration
- Arabian Oil and Gas: Egypt Turns its Back on Natural Gas
- Egypt Oil and Gas: Suez Corridor Mega-project to Be Launched Soon
- The National: Egypt's Energy Crunch is Next Big Test for Sisi
- Egypt Oil and Gas: Egypt's Oil Spill Preparedness
- Fair Observer: Power and Energy: The Egyptian Elections (Interview)
- Al Arabiya: Egypt Heads to Polls to Pick President
- Washington Post: Egypt's Break with Qatar Could Contribute to a Scorching Summer
- Reuters: Billions Needed to Upgrade Egypt's Power Grid As Summer Crunch Looms
- Morning Edition: Egypt, Power Cuts and Unrest
- Arabian Oil and Gas: GCC Natural Gas Prices in Need of Review
- Middle East Gas Crunch Bites
- Al Arabiya: U.S. to Send Egypt New Apache Helicopters
- Egypt Oil and Gas: Overview of Egypt's Energy Efficiency Regulations
- Interview: Overview of the Global Energy Sector
- Interview: Impact of US Shale Gas Echoes Around the Gulf
- Kuwait Consolidates Dependence on Energy Imports
- Daily News Egypt: Al Sisi's Reality Check
- Reuters: Egypt's Energy Quagmire Could Sink Sisi
- AL Arabiya: Reforms Key to Egypt's Future as a Gas Exporter
- Reuters: Egypt Army Extends Power by Taking Charge of Gulf Aid
- Al Arabiya: Egypt 2.0: Struggling to Create a Post-Revolution Economy
- The Middle East is Feeling Effects of Persistent Natural Gas Shortages
- Sisi Will Struggle Without a Scapegoat
- The Middle East Gulf Countries Are Struggling with Persistent Natural Gas Shortages
- The Economist Intelligence Unit: The GCC in 2020: Resources for the Future
- Vast Amounts of Oil Shale Hidden in Egypt's Kerogen Rock
- Renewable Energy Gaining Hope in the Developing World
- Streamlining the Permit Process in Egypt: Lessons from Abu Dhabi and Qatar
- Shifting Sands and Changing Markets in the MENA Region
- Middle East Economic Digest: Cairo Reviews Free Zone Tax
- Al Arabiya: Three Years On, Egypt has Little to Celebrate on Jan. 25
- Egypt Oil and Gas: Egypt's Poor Suffer at the Hands of Butane Crisis
- Resilience: Africa Rising
- Arabian Business: Gas Shortage Hits Power Plants
- The National: Independent Regulator to Monitor UAE Nuclear Power
- Natural Gas Daily: Gulf Sour Gas: A Sweeter Prospect for IOCs
- Egypt Oil and Gas Newspaper: Uncertainty Amid Egypt's Mounting Debt to IOCs
- IHS Fair Play: Iran's Nuclear Option
- IHS Fairplay: Petroleum Products Exports Soar
- USA Today: Even With Oil Price, Mexico's State-run Oil Company Loses Money
- Penza News: Japanese-Russian Energy Collaboration
- China Daily: Future Points to Carbon Trading
- Interfax: Price could be right as BP targets Oman Tight Gas Deal
- Harvard Political Review: Qatar Rising
- The National: Oil Majors the Key to Unlocking Potential
- Rebel Economy: How the Arab Spring Shook up Oil Oil Markets
- The National: Levant Gas Find Adds to Volatility
- The Centre of All The Action
- Financial Times: Iraqi Factions Wrangle Over Gas Reserves
- Dubai School of Government: Carbon Trading the Only Way Forward for the Region
- Financial Times: Saudi Arabia Grapples with Gas Conundrum
- Natural Gas Daily: Kuwait's Energy Programme Due For Revision
- Arab Times: Kuwait in Bid to Boost Oil and Gas Output
- MEES: Egypt Enjoys Unexpected Bid Round Success
- Energy News: International Energy Investors Return to Egypt
- Middle East Eye: Egypt's Energy Crisis Tests Sisi's Leadership
- Harvard Gazette" New Fellows Focus on Energy Policy
- Egypt Oil and Gas: The Implications of Egypt's Energy Price Rises: Prosperity Through Pain?
Twitter Tweets
Selected Lectures
- Al-Jazeera Center for Studies: The Russian Ukrainian War: The Energy Dynamics
- Harriet Fulbright Institute-American Legion: A National Security and Economic Strategy: From Transatlantic to Asia-Pacific
- The Middle East Institute: The Impact of Shifting Geopolitics and MENA Energy
- 8th Gulf Intelligence UAE Energy Forum 2017
- Spectator Energy Conference: Power Struggle: The Geopolitics of Energy 2014
- World Bank: MENA KNowledge Sharing and How-to on Subsidy Reform 2014
- MENA Shale Gas and Oil Summit 2014
- The Economic Policy and Research Foundation of Turkey (TEPAV) Lecture:: Turkey and Gulf Energy Cooperation
- Atlantic Council/IMF: The Political Economy of Subsidy Reforms in MENA: Progress and Challenges
- Chatham House: Middle East and North Africa Energy 2014
- MENA Energy Summit: Interview with Chairman of Exxon-Mobil
- Oxford Analytica: MENA Energy in the Wake of Regional Tension
- Zayed University: Economical Development of UAE’s Energy Resources towards Sustainability
- Middle East Institute: Gulf Carbon Trading: How to Develop it and Why it Makes Sense
- Dubai School of Government: The Impact of the EU"s Diversification Strategy on the GCC
- Chatham House: Carbon Trading: Global Development and Impacts on Fossil Fuels
- FT/Shell: Energy Pathways: Achieving a Sustainable MENA Future
- .International Gas and Nuclear Energy Forum: The European Shale Gas Revolution: New Dimensions for European Diversification
- Special Arab Roundtable, The Arab World in a New Era: Assessing the key Implications
- EIAS: Competition or Cooperation, Energy Strategies in Northeast Asia
- European Institute for Asian Studies Briefing Seminar: India's Leading Role as a BRICS Economy - An Energy's Tale
- St Gallen Symposium: Facing Risk: Energy: The Price We Have to Pay
- Baker & McKenzie: A Game Changer? The Geopolitics of the Unconventional Gas Revolution and Implications for the Global Gas Market
- Bridges of Understanding: Third Annual Conference
- Harvard University Interview: The Arab Spring
- Harvard University Lecture: Resource Nationalism: From Spanish Roots to An Arab Tree
- Zayed University: Economical Development of the UAE's Energy Resources
- Dubai School of Government: Developing Carbon Trading in the GCC
- MENA Natural Gas Conference: The Uncoventional Gas Storm in the Gulf
- 41st St. Gallen Symposium: The Price We Have to Pay and Energy Security