Home / Energy/ UAE Minister of Energy and Industry wins ‘International Oil Diplomacy Person of the Year 2018’

UAE Minister of Energy and Industry wins ‘International Oil Diplomacy Person of the Year 2018’

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 5 March 2019 00:00


The UAE Minister of Energy and Industry Suhail Al Mazrouei was presented with the ‘International Oil Diplomacy Person of the Year 2018’ Award in London recently at the Energy Institute’s International Petroleum (IP) Week. This prestigious accolade was awarded last year to Saudi Arabia’s Minister of Energy, Industry and Minerals Khali Al-Falih. 

The Energy Institute is the largest Royal Charter international professional membership organisation and learned society concerned solely with energy, with the Queen as its Patron. IP Week is recognised as one of the major international oil and gas events, where senior leaders, policy makers and academics gather to share, learn and shape the future direction of the industry. IP Week has an international appeal, attracting delegates from over 50 countries and it is one of the major events in the global oil and gas industry’s calendar.  

“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,” said Louise Kingham OBE FEI, Chief Executive Officer, Energy Institute.

As Minister of Energy and Industry for the United Arab Emirates, 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 the UAE and others are aligned with the international community’s efforts in overcoming the challenges of climate change in support of the Paris Agreement, the Energy Institute stated in its Letter of Award.

Al Mazrouei, who has been the UAE Minister of Energy and Industry since 2013, said he was “humbled and honoured” to receive the accolade. Under the auspices of the Energy Institute’s International Petroleum Week HE Suhail al-Mazrouei was nominated by Gulf Intelligence, the EI’s Middle East knowledge partner, and supported by the Energy Institute Council, as this year’s Winner of The International Oil Diplomacy Person of the Year Award 2018.  

“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 $ 70 a barrel in 2018, after hovering around $ 55 in 2017,” said Sean Evers, Managing Partner, Gulf Intelligence. “His diplomatic skills were critical in a year when the fabric of the OPEC+ 25 countries could have frayed and fallen apart,” he said.  

In December 2018, OPEC and non-OPEC producers agreed to reduce oil output jointly by 1.2 million barrels a day through to June 2019. This followed two years of cuts of 1.8 million b/d, which witnessed average compliance rates of 100% across the group in an historical demonstration of cooperation among producers to tackle a global glut in oil inventories and collapsing prices.  


Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag

We should sell our water

Monday, 22 July 2019

When you read the title of this article, you will probably feel disgusted with me as selling our water has been a controversial topic since a long time ago. By the way, I am talking about virtual water trade and you would be surprised to know that we

A voice of compassion amid howls of zealotry

Monday, 22 July 2019

The unrestrained freedom extended by the current regime to a bunch of saffron-clad street vendors of Sinhala Buddhist zealotry is pushing Sri Lanka once again into a cauldron of ethnic and religious convulsion. The nationwide spread and virulence of

Roger Beteille: The man who reinvented the commercial airliner

Monday, 22 July 2019

The visionary engineer, pilot and manager who led Airbus to some its most significant decisions, passed away last month. Beteille, who was the head of French aircraft manufacturer Sud Aviation’s flight testing section, was made technical director

Columnists More