{"id":14717,"date":"2025-03-22T01:24:30","date_gmt":"2025-03-22T01:24:30","guid":{"rendered":"https:\/\/aatworld.com\/?post_type=portfolio&p=14717"},"modified":"2025-03-22T01:26:24","modified_gmt":"2025-03-22T01:26:24","slug":"haitham-al-ghais","status":"publish","type":"portfolio","link":"https:\/\/aatworld.com\/ar\/portfolio\/haitham-al-ghais\/","title":{"rendered":"Haitham Al Ghais<\/strong>"},"content":{"rendered":"\t\t
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HE Haitham Al Ghais of Kuwait assumed office as Secretary General of OPEC on 1 August 2022. With more than 30 years of experience in the global energy industry, he has held key senior managerial positions for Kuwait Petroleum Corporation in his home country, as well as in Beijing and London. He has previously represented Kuwait in multiple OPEC governing bodies and various other international institutions, such as the International Energy Forum and the Oxford Institute for Energy Studies. He played a leading role in the historic Declaration of Cooperation between OPEC and non-OPEC oil-producing countries. In 2017, he was appointed as the first Chairman of the Joint Technical Committee that helped facilitate the development of the methodology for monitoring the conformity of production adjustments, and he was the leader of Kuwait\u2019s team involved in finalizing and signing the Charter of Cooperation.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"In our WOO, we see oil demand at just over 120 million barrels per day by 2050.\"<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Kuwait\u2019s active participation in OPEC\u2019s key decisions and negotiations since 1960 and new developments like the Al-Nukhida field and Al Zour refinery exemplify the country\u2019s pivotal role in global energy security.\nOPEC\u2019s World Oil Outlook (WOO) highlights a USD17-trillion investment need by 2050 amid calls to halt new projects. How critical are these investments and potential risks?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There are no signs of global oil demand peaking anytime soon. In our WOO, we see oil demand at just over 120 million bpd by 2050. Consequently, sufficient investments in capacity and infrastructure to produce, refine, and distribute the oil are of utmost importance. We need to invest adequately\u2014today, tomorrow, and many decades into the future\u2014in a manner reflecting realistic assumptions about what each energy source can offer and given the need to reduce emissions. Underinvestment would lead to market tightness and volatility, with all the negative economic and social consequences for populations. There are manifold energy security risks stemming from the narrative that oil is part of the past, for both producers and consumers. The right investment is paramount. The energy futures of more than 8 billion people, or 9.7 billion by 2050, depend on it.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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How do Kuwait and its advancements, such as the recent discovery of the Al-Nukhida field, align with OPEC\u2019s overarching goals and contribute to stability in the global oil market?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Kuwait was a Founder Member of OPEC back in 1960, and over the years Kuwait\u2019s many contributions to OPEC stand as a testament to the country\u2019s unwavering dedication to the organization\u2019s principles and its focus on a stable and balanced market. This continues today. The Al-Nukhida field, with huge commercial amounts of light oil and associated gas, is just one upstream example. We should also not forget the downstream, with the Al Zour refinery at 615,000 bpd, the world\u2019s largest grass-root refinery. As OPEC continues to navigate the complexities of a complex energy landscape, Kuwait\u2019s active participation in the organization\u2019s key decisions and negotiations remains indispensable. In this respect, I am certain that Kuwait will continue to be as integral to OPEC\u2019s future as it has been to its past, under the wise and able leadership of His Highness the Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Could you elaborate on COP29 outcomes and the role that technologies play in reducing emissions?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To put it simply, we will need an all-energies approach. Otherwise, the world cannot meet rising energy demand, maintain energy security, and ensure affordable universal energy access. We will need an all-people approach. The capacities, national circumstances, and development priorities of all countries must be considered to ensure that no one is left behind. And we will need an all-technologies approach. The world needs to develop and finance all forms of technologies to help reduce emissions while meeting demand. Concerning technologies, our member countries are mobilizing cleaner technologies to reduce industry emissions and making major investments in renewables and hydrogen capacity.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

HE Haitham Al Ghais of Kuwait assumed office as Secretary General of OPEC on 1 August 2022. With more than 30 years of experience in the global energy industry, he…<\/p>\n","protected":false},"author":1,"featured_media":14645,"comment_status":"open","ping_status":"closed","template":"","portfolio-category":[25],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/portfolio\/14717"}],"collection":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/portfolio"}],"about":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/types\/portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/comments?post=14717"}],"version-history":[{"count":4,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/portfolio\/14717\/revisions"}],"predecessor-version":[{"id":14721,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/portfolio\/14717\/revisions\/14721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/media\/14645"}],"wp:attachment":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/media?parent=14717"}],"wp:term":[{"taxonomy":"portfolio-category","embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/portfolio-category?post=14717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}