Mansour bin Zayed opens the Abu Dhabi International Petroleum Exhibition and Conference "ADIPEC 2025"
ABU DHABI, 3rd November, 2017 (WAM) – Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, and Chief of the Presidential Court, opened today the 41st edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the largest energy sector event in the world, which will be held from November 3 to 6 at the ADNEC Center in Abu Dhabi.
His Highness Sheikh Mansour bin Zayed Al Nahyan stressed that Abu Dhabi’s hosting of the ADIPEC exhibition and conference reflects the global position of the UAE in leading the international dialogue on the future of energy, and enhancing joint action to achieve energy security and sustainability in a way that serves future generations.
His Highness said: The vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, establishes a pioneering Emirati approach in achieving a balance between economic development and environmental protection, through investment in advanced technology, clean energy, and innovation as basic pillars of a sustainable future.
His Highness added that ADIPEC represents a global platform that brings together minds and expertise to exchange knowledge and formulate innovative solutions, noting that the UAE is confidently continuing to support the balanced transformation in the energy sector through international partnerships that contribute to enhancing economic growth and expanding the horizons of cooperation in the fields of research and development.
ADIPEC 2025 attracts more than 2,250 exhibitors representing elite international companies in the fields of energy, industry and technology, distributed across 17 main exhibition halls. It also includes four specialized areas concerned with artificial intelligence and digital transformation, decarbonisation, the maritime sector and logistics services, in addition to a new exhibition for chemicals and low-carbon solutions, reflecting the rapid development in global energy trends towards sustainability and innovation.
The exhibition will be held this year under the slogan “Smart Energy for Accelerated Progress,” emphasizing Abu Dhabi’s pivotal role as a global platform that brings together leaders and experts from various sectors to discuss the future of energy and enhance opportunities for international cooperation in the fields of industry and technology.
30 national pavilions are participating in the event, including pavilions for emerging markets that highlight investment opportunities in Africa, Asia and Latin America, reflecting the importance of the partnership between public and private capital in stimulating innovation, developing infrastructure, and expanding access to clean and sustainable energy.
During the keynote speech at the opening ceremony, His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, called on leaders, global policymakers and investors in the energy sector to implement the UAE business model that focuses on formulating practical policies and building ambitious partnerships to create more job opportunities and enhance economic and social growth and global competitiveness.
His Excellency explained that the UAE’s practical approach confirms that realistic and practical legislation and regulations build and enhance investor confidence, and that it is a model for reliable, technology-based policies that stimulate investment. He said: “The UAE applies a realistic approach that supports ensuring energy security, diversifying its sources, attracting capital, promoting technological progress, and adopting practical solutions and policies in coordination with the energy sector. This is the reason why global capital continues to flow here, because investors value credibility, stability and trust, and these are among the points.” Our strength is here in Abu Dhabi, and throughout the UAE.”
His Excellency explained that the lesson learned from the UAE model for the energy sector is that “policies and regulations must focus on realistic and actual requirements, not on performance, and must be based on visions, not ideological ideas, and must be based on permanent facts, not on temporary and fleeting trends, because regulatory policies that are far from realism and logic will lead to weakening economies, hindering the progress of societies, and driving away capital.”
His Excellency pointed to ADNOC’s achievements, which embody the success of the UAE’s practical approach, which focuses on enhancing technological development to enable progress and growth. He said: “At ADNOC, we use all available technologies, including artificial intelligence and robotics, to speed up completion time and enhance value. Through our company AIQ, we use more than 200 tools and applications for artificial intelligence in various aspects of our operations, from wellheads to trading floors. These tools contribute to reducing sudden downtime cases by half, and raising performance efficiency across “It is planned that the ‘Artificial Intelligence for Future Energy’ solution will support improving the accuracy of production forecasts by 90%, and all of this is just the beginning, as we focus greatly on becoming the energy company that most benefits from artificial intelligence solutions and tools in the world, and playing a pioneering role in launching a new phase of improving operations and raising efficiency by taking advantage of artificial intelligence.”
His Excellency called on officials, global policymakers, and investors in the energy sector to focus on the basic indicators and ignore the side effects that distract from the main objectives of the sector.
He said: “In light of all these variables, it is difficult to focus on the important fundamentals of our sector. In these circumstances, I follow a clear and simple approach: focus on the basic indicators and ignore the side effects that distract attention. The indicators show that demand for energy will be strong in the long term, and that there is a state of uncertainty about it in the near term. The indicators also show the necessity of aligning cost control, capital investment, and focusing precisely on raising efficiency, and investing in human resources, technology, and artificial intelligence.”
He added: “We may face pressures in the coming months, but long-term expectations indicate growth in demand for all forms of energy and in all markets. We must focus our response on meeting this demand based on facts and data.”
His Excellency Dr. Sultan Ahmed Al Jaber stressed the need for annual capital investments worth $4 trillion in electricity networks, data centers and all sources of energy supply. He said, “The growth requirements of future economies cannot be met by relying on electricity networks based on infrastructure from the past.” He also highlighted the main factors that drive demand until 2040.
He added: “Electricity demand will continue to rise until 2040, due to data centers quadrupling, 1.5 billion people moving to cities, and more than 2 billion additional air conditioners running. The aviation sector will boom, with the global airline fleet doubling from 25,000 to 50,000 aircraft. As a result, renewable energy production will more than double by 2040, and liquefied natural gas will grow by 50%, And aviation fuel by more than 30%. Oil production will continue above the level of 100 million barrels per day after 2040, and its use will increase further in the manufacture of many materials as well as in transportation.
He continued: “In light of all these facts, it is clear that the issue is more complex than moving to one type of energy source, and that the world needs to enhance energy sources, not replace one source with another.”
His Excellency stressed the pivotal role of energy in enabling global prosperity, and the importance of global indicators that show that “energy means creating new job opportunities, enhancing growth and competitiveness, and supporting artificial intelligence,” which were agreed upon by the global leaders of the energy, technology, finance, and policy sectors who met in the ENACT (Enabling Action) Council the day before the launch of ADIPEC 2025, to discuss activating the role of energy and artificial intelligence as twin engines to drive the growth of economies.
His Excellency pointed to the results of the Council’s discussions, which indicated that the rapid growth of economies keeping pace with artificial intelligence requires the provision of documented sources of base load energy at an appropriate cost in light of the world’s continued dependence on oil and gas to produce the electricity that artificial intelligence needs.
He added: “Gas provides more than a quarter of the base load power needed by data centers, and the shortage of gas turbines is leading to a supply crisis that leads to higher electricity prices, and the infrastructure is still far from the required level, in light of the need for at least six million kilometers of new electricity transmission lines by 2050. We also need huge capital investments, and in light of the availability of capital, appropriate organizational structures must be put in place to reduce risks and ensure its flow to the appropriate projects. We also need to free up idle capital tied up in infrastructure assets. “There are many great opportunities and potentials available in this field. In addition, the energy sector must adopt policies that contribute to supporting progress, not slowing down growth.”
His Excellency also highlighted the UAE’s efforts to consolidate its position as an attractive destination for investment, and ADNOC’s contributions to strengthening long-term partnerships. He said: “Our focus on raising efficiency contributes to the production of oil that is lower in cost and in terms of carbon emissions. By providing a reliable and safe environment for capital, we are able to achieve the best return on cost. Thanks to adherence to the laws and application of governance rules and principles, we build solid partnerships and provide a guaranteed return on investment.”
He added: “As ADNOC continues to advance and prosper locally, we are moving to global markets to find suitable opportunities. Through our international investment arm ‘XRG’, we have succeeded in concluding gas agreements in Mozambique, Egypt, Turkmenistan, Azerbaijan and the United States of America, and we continue to search for more opportunities across the gas value chain. We are also strengthening our global presence in the chemicals sector on five continents. We are investing in infrastructure and smart energy solutions to open new horizons for growth.”
He continued: “We also applied an ambitious and disciplined work methodology, and built partnerships with the government and private sectors. We welcome more partnerships, and we assure all our current and future partners that we are open to cooperation.”
At the end of his speech, His Excellency Dr. Sultan Ahmed Al Jaber highlighted the importance of Flag Day, which coincides with the opening of ADIPEC 2025, and said: “Today we celebrate Flag Day, which embodies the spirit and principles of our beloved nation, when people gather everywhere throughout the Emirates with one heart, and one action that expresses in a tangible way the meanings of unity and communication. This celebration is simple and touching, as we raise our heads with pride and honor to salute the UAE flag, and remember “The guidance and wisdom of our wise leadership, and the efforts and sacrifices of the founding fathers. We remember that the great steps necessary for progress require sacrifices, and we remind ourselves that uniting our efforts doubles our strength.”
He added: “Actual progress does not happen through the efforts of one individual or one company, but rather when we move with a clear vision and strong determination, and we all move in the same direction, and when we realize that our most valuable and powerful resources are not the mineral resources in the ground, but rather the strong ties that bring us together, and the determination that drives us to progress.”
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