21st World Petroleum Congress

15 - 19 June, 2014, Moscow, Russia

WELCOME NOTE

To the members of the global petroleum community

Dear colleagues!

 Russia has a nearly one and a half centuries-long experience in development of the petroleum industry. The initial stage of the establishment of the industry is dated to 1870s, by the end of the 19th century Russia became the global leader in oil production and accounted to over 30% of the world oil output.

 The 20th century was marked by the development of new oil production and refining hubs in the Volga-Ural region, on the northern territory of the European part of Russia and in western Siberia, as well as the construction of a high-capacity system of lengthy pipelines that connected oil-producing regions with industrial centers and harbor terminals.

 The 1960s discovery of giant reserves of hydrocarbons in the western Siberian petroleum province provided Russia with a reliable resource base for a sustainable development of the industry for decades to come.

 Today, Russia is the largest global oil producer and exporter.

 Russian petroleum industry has been the most stable and consistent branch of national economy and possesses a vast potential for further development. Mid-term strategic plans of leading Russian petroleum companies foresee steady development in all major areas of activity. These plans rely on a solid resource base, accumulated experience of work in difficult conditions, as well as large investments into new projects that have been made recently. Most of the projects are concentrated in the newly formed oil-producing center – Western Siberia, which is considered to play the major role in in the increase of oil production volumes during the next decade. A new, “Eastern” direction for oil exports to the Asian – Pacific countries is being formed on the basis of Eastern Siberian fields. Eastern Siberia – Pacific Ocean pipeline system with the length of over 4,770 km and the capacity of over 80 mln tons per year is intended for oil supply into the Asian – Pacific region.

 In terms of long-term perspective, Russia has another large reserve – shelves of Arctic, Far East and Southern seas.

 Russian petroleum industry professionals have always highly appreciated various activities of the World Petroleum Council concerning the development of international cooperation, and fully share important and noble goals proclaimed in the Constitution of this international organization. With great satisfaction we have received the decision to conduct the World Petroleum Congress in Moscow in year 2014 and are fully confident that it will become a notable event in the history of the petroleum industry.

 On behalf of the organizers of the Congress and Russian petroleum industry professionals, we are inviting the members of the global petroleum community to Moscow for the 21st World Petroleum Congress.

Organizing Committee of the 21st WPC

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