Suhail Al Mazrouei, the minister of Energy and Industry, UAE, has been presented with the ‘International Oil Diplomacy Person of the Year 2018’ Award in London at the Energy Institute’s International Petroleum (IP) Week
Al Mazrouei has taken a global leadership position among hydrocarbon-rich nations in steering the Middle East away from fuel subsidies and tackling unsustainable consumption patterns to ensure that the UAE and others are aligned with the international community’s efforts to overcome the challenges of climate change in support of the Paris Agreement, the Energy Institute stated in its Letter of Award.
The minister, who has been the UAE Minister of Energy and Industry since 2013, said he was ‘humbled and honoured’ to receive the award.
Under the auspices of the Energy Institute’s International Petroleum Week, the minister was nominated for the 2018 International Oil Diplomacy Person of the Year Award by Gulf Intelligence, the Middle East knowledge partner of the EI, and supported by the Energy Institute Council.
Louise Kingham OBE FEI, CEO, Energy Institute, stated, “As President of the OPEC Conference, you have shown exemplary vision and leadership through 2018 with your stewardship of the continued implementation of the ‘historical’ agreement to seek oil market stability among some 25 OPEC and non-OPEC countries to the benefit of producing and consuming nations alike.”
Sean Evers, Managing Partner, Gulf Intelligence, commented, “The efforts by the UAE Minister of Energy in his role as OPEC President contributed significantly to oil prices recovering through the year to average above US$70 a barrel in 2018, after hovering around US$55 in 2017.”
“His diplomatic skills were critical in a year when the fabric of the OPEC+ 25 countries could have frayed and fallen apart,” he concluded.
IP Week attracted delegates from more than 50 countries and is said to be one of the major events in the global oil and gas industry calendar, where senior leaders, policymakers and academics gather to share, learn and shape the future direction of the industry.