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
"Introduction and Summary Conclusions"
Amy Myers Jaffe, James A. Baker III Institute for Public Policy
1:30 pm Afternoon Session, Keynote
"Japan"s New National Energy Strategy"
Tomiyuki Kudo, President, Japan Petroleum Energy Center (JPEC)
2:00 pm The Baker Institute Study: Session II
"IOC/NOC Economic Issues: Efficiency, Priorities and Comparisons"
Peter Hartley, Rice University
"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
"Case Study: Rosneft"
Nina Poussenkova, Russian Academy of Science
"Case Study: NIOC"
Daniel Brumberg, Georgetown University Ariel I. Ahram, Georgetown University
"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
"A Summary of the Japanese Study Conclusions"
Akira Hanzawa, Japan Petroleum Energy Center (JPEC)
"Case Study: ONGC"
Sumit Ganguly, Indiana University, Bloomington
"Case Study: China"s NOCs"
Steven W. Lewis, James A. Baker III Institute for Public Policy
Lessons Learned: Social Welfare Priorities and the NOC
"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
"IOC-NOC Synergies and Collaboration"
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
"Case Study: Kazmunigaz"
Martha Brill Olcott Carnegie Endowment for International Peace
"Case Study: INOC Iraq"
Amy Myers Jaffe James A. Baker III Institute for Public Policy
"Case Study: Pertamina"
Donald I. Hertzmark, Consultant
"Case Study: Petronas"
Mr. Yoshiaki Wako, Nippon Oil Research Institute Co., Ltd.
"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
"Case Study: Statoil"
Richard Gordon President and CEO, Gordon Energy Solutions
Thomas Stenvoll, HETCO Trading
"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
"Case Study: Saudi Aramco"
Amy Myers Jaffe, James A. Baker III Institute for Public Policy
"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
"NOCs, IOCs/ Human Rights and Sustainability Practices"
Matthew E. Chen, James A. Baker III Institute for Public Policy
"NOCs, IOCs and International Oil Field Investment"
Ronald Soligo, Rice University
