10:10 a.m. BST / 11:10 a.m. CEST
This event is part of the Financial Times Commodities Global Virtual Summit 2020.
As significant swings in supply and demand impact the profitability of an industry already facing increased socioeconomic pressures, it is pertinent that the world’s national oil companies (NOCs) seize the opportunity to evolve and innovate. As important contributors to their national budget, the global pandemic’s impact on oil prices highlights NOCs’ need to ensure their operating models are as cost-competitive as possible. Will we see further integration of supply chains, a focus on divestment or diversification? With the industry no longer as attractive as it once was to new and top talent, how can NOCs change this perception to attract and retain the staff needed to prosper in an increasingly digital world where ESG factors are becoming paramount?
- Patrick Heller (@prpheller), advisor, Natural Resource Governance Institute (NRGI)
- Musab Al Mahruqi, group chief executive officer, OQ
- Dawood Nassif, chairman, The Bahrain Petroleum Company (BAPCO)
- Anjli Raval, senior energy correspondent, Financial Times
Learn more about national oil companies at NRGI's National Oil Company Database.