The Changing Role of National Oil Companies in International Energy Markets

On this occasion, we will present our major Baker Institute study investigating the long-term geopolitical and economic implications of the growing influence of national oil companies on global energy markets. This special event is designed to give study researchers and authors the opportunity to hear the views of senior industry leaders on the role of the national oil company and to provide input and feedback on the study before it is finalized as a book volume.

 

Event Agenda and Presentations

Thursday, March 1, 2007

Moderators:
Amy Myers Jaffe, Wallace S. Wilson Fellow for Energy Studies, James A. Baker III Institute for Public Policy, Rice University
Kenneth B. Medlock III, Energy Research Fellow, James A. Baker III Institute for Public Policy, Rice University

8:30 am Welcome and Introduction to the Study

Ambassador Edward P. Djerejian, Founding Director, Baker Institute

Dr. Masahisa Naitoh, Chairman and CEO, The Institute of Energy Economics, Japan

9:00 am Morning Session: Keynotes

"IOC-NOC Partnering: Challenges and Benefits"
James Mulva, Chairman of the Board and CEO, ConocoPhillips
David Asmus, Senior Partner, Baker Botts, L.L.P.

"NOC-NOC Partnering: Challenges and Benefits"
Victor Zhikai Gao, Senior Vice President and General Counsel/Company Secretary CNOOC Ltd

11:00 am The Baker Institute Study: Session I
PDF icon "Introduction and Summary Conclusions"
Amy Myers Jaffe, James A. Baker III Institute for Public Policy

1:30 pm Afternoon Session, Keynote
PDF icon  "Japan"s New National Energy Strategy"
Tomiyuki Kudo, President, Japan Petroleum Energy Center (JPEC)

2:00 pm The Baker Institute Study: Session II

PDF icon "IOC/NOC Economic Issues: Efficiency, Priorities and Comparisons"
Peter Hartley, Rice University

PDF icon "NOC Comparisons: Financial Measures"
Garfield Miller, President, Aegis Energy Advisors

2:30 pm The Baker Institute Study: Session III
Case Study Presentations: NOCs as Players in Domestic Politics

PDF icon "Case Study: Rosneft"
Nina Poussenkova, Russian Academy of Science

PDF icon "Case Study: NIOC"
Daniel Brumberg, Georgetown University Ariel I. Ahram, Georgetown University

PDF icon "Case Study: NIOC Upstream Strategies"
Koichiro Tanaka, The Institute of Energy Economics, Japan

Industry Comments

3:45 pm The Baker Institute Study: Session IV
Lessons Learned: NOC Priorities and Responsibilities

Lessons Learned: Energy Security and the Consuming Country

PDF icon "A Summary of the Japanese Study Conclusions"
Akira Hanzawa, Japan Petroleum Energy Center (JPEC)

PDF icon "Case Study: ONGC"
Sumit Ganguly, Indiana University, Bloomington

PDF icon "Case Study: China"s NOCs"
Steven W. Lewis, James A. Baker III Institute for Public Policy

Lessons Learned: Social Welfare Priorities and the NOC
PDF icon "Case Study: PDVSA"
David Mares, University of California, San Diego
Nelson Altamirano, National University

Closing Comments
"Geopolitics and the Influence of NOCs"
Robert Hormats, Vice Chairman, Goldman Sachs

 

Friday, March 2, 2007

Moderators:
Amy Myers Jaffe, Wallace S. Wilson Fellow for Energy Studies, James A. Baker III Institute for Public Policy, Rice University
Kenneth B. Medlock III, Energy Research Fellow, James A. Baker III Institute for Public Policy, Rice University

8:30 am Opening Keynotes
"KUFPEC: An Old NOC Player In a New World"
Mr. Bader Al-Khashti Chairman and Managing Director Kuwait Foreign Petroleum Exploration Company

9:00 am Morning Session: NOCs Interactions in Global Energy and Financial Markets

PDF icon "IOC-NOC Synergies and Collaboration"
PDF icon Article: "The Rise of the National Oil Company"
Claire Lawrie Senior Manager, Accenture

"How Capital Markets View NOCs"
Thomas Langford Global Co-head, Energy Group and Managing Director, Morgan Stanley

10:00 am Coffee Break

10:15 am The Baker Institute Study: Session V
Lessons Learned: NOC Priorities and Responsibilities (Continued)

Building Economic Development and Industrialization through an NOC
PDF icon "Case Study: Kazmunigaz"
Martha Brill Olcott Carnegie Endowment for International Peace

PDF icon "Case Study: INOC Iraq"
Amy Myers Jaffe James A. Baker III Institute for Public Policy

PDF icon "Case Study: Pertamina"
Donald I. Hertzmark, Consultant

PDF icon "Case Study: Petronas"
Mr. Yoshiaki Wako, Nippon Oil Research Institute Co., Ltd.

PDF icon "Case Study: Petronas"
Fred R. von der Mehden Rice University
Al Troner President, Asia Pacific Energy Consulting

12:00 noon Lunch

1:30 pm The Baker Institute Study: Session VI
Lessons Learned: Competition, Organizational Structure and Reform

PDF icon "Case Study: Statoil"
Richard Gordon President and CEO, Gordon Energy Solutions
Thomas Stenvoll, HETCO Trading

PDF icon "Case Study: NNPC"
G. Ugo Nwokeji University of California, Berkeley
Study Presentation: NNPC

2:15 pm The Baker Institute Study: Session VII
Case Studies: NOCs and Foreign Policy

"Case Study:Lukoil"
Isabel Gorst Financial Times of London

PDF icon "Case Study: Saudi Aramco"
Amy Myers Jaffe, James A. Baker III Institute for Public Policy

PDF icon "Saudi Aramco, Downstream"
Yoshikazu Kobayashi. The Institute of Energy Economics, Japan

3:15 pm Coffee Break

3:30 pm The Baker Institute Study: Session VIII
NOCs and the International System

"US Foreign Policy and the NOCs"
Joe Barnes James A. Baker III Institute for Public Policy

PDF icon "NOCs, IOCs/ Human Rights and Sustainability Practices"
Matthew E. Chen, James A. Baker III Institute for Public Policy

PDF icon "NOCs, IOCs and International Oil Field Investment"
Ronald Soligo, Rice University

 
To view the entire conference, please click below:
 
Speaker Edward Djerejian

View all speakers
Organizer janek@rice.edu

When?

Thu, Mar. 1 - Fri, Mar. 2, 2007
9 a.m. - 11 p.m.
(GMT-0500) America/Chicago

Where?

The Baker Institute at Rice University