Oredola Adeola

The Organisation of Petroleum Exporting Countries (OPEC)  has announced plan to launch its World Oil Outlook (WOO) at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE).

HE Haitham Al Ghais, OPEC’s Secretary General, made this known in a statement released at the weekend, stating that the WOO launch will be held in the ICC Room on Monday, 31 October 2022 at 16.30, UAE local time.

The OPEC’s SG said he and other OPEC experts, will present the major findings of the WOO 2022, as well as introduce a video with key messages from the publication’s 16th edition.

First published in 2007, EnergyDay gathered that the OPEC’s WOO provides an in-depth review and analysis of the global oil and energy industries, and offers assessments of various scenarios in the medium- and long-term development of the oil industry.

The publication provides insights into the upstream and downstream, supply and demand, investments, the potential impact of policies, and issues related to environment and sustainable development. It also provides expert analysis of many of the challenges and opportunities facing the global oil and energy industry.

Al Ghais said: “The WOO is an indispensable reference tool that underscores the Organization’s commitment to impartial analysis, data transparency and the enhancement of dialogue and cooperation. This is extremely valuable given events in 2022, and the challenges and opportunities the energy industry will face in the years and decades ahead.”

EnergyDay also gathered that this year’s edition of ADIPEC, will be coordinated by the Patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE, is hosted by the Abu Dhabi National Oil Co (ADNOC).

OPEC said  the 2022 edition focuses on helping the energy industry tackle the dual challenge of meeting today’s growing energy needs with fewer emissions, and investing in the systems of tomorrow.

This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data, as well as a comprehensive website version. More details on these will be provided when the publication is launched.