International Conference on the Perspective of the Petroleum Industry in the Future Energy Mix

The National Petroleum Committee of Serbia, under the auspices of the World Petroleum Council, hosted the international conference “Perspectives of the Petroleum Industry in the Future Energy Mix” which gathered over 150 experts from the petroleum industry from WPC member countries and representatives of international energy institutions.

The National Petroleum Committee of Serbia (NPCS), as a member of the World Petroleum Council, organized the international conference “Perspectives of the Petroleum Industry in the Future Energy Mix” at the Metropol Hotel on June 16, gathering over 150 experts from Brazil, USA, China, Russia, Iran, Norway, Great Britain and other member countries of the World Petroleum Council, representatives of the International Energy Agency, the Energy Charter Secretariat, the Energy Community and national experts in this field.

Opening remarks of the Expert Workshop were presented by Dr József Tóth, President, World Petroleum Council and Prof Dr Petar Škundrić, President, NPCS-WPC. In a number of panel discussions, the participants of this gathering had the opportunity to hear the opinions of renowned experts from around the world concerning current and expected global trends in the petroleum industry, their estimate of which energy resources will prevail in the future energy mix, focusing on the period 2030 to 2050, as well as proposals for solutions to key challenges facing the petroleum industry.

The first panel discussion on global petroleum industry trends – a business view, was moderated by Mr Tor Fjaeran from Statoil, Chair CPC WPC. Participating in the discussion were Mr Srđan Bošnjaković, Director of Strategy and Investments at NIS, Mr Mehmet Öğütçü, Chairman of The Bosphorus Energy Club and Chairman of Global Resources Partnership, and Mr Ali Rahneshin, representative of the Iranian company BPC. The institutional view of petroleum industry trends was addressed by Ms Kristine Petrosyan from the International Energy Agency, Mr Adrian Jasimi from the Energy Community Secretariat and Mr Dmitry Mordovenko from PwC Consulting, while the discussion was moderated by Dr Marat Terterov, Principal Coordinator, Energy Charter Secretariat, Brussels.

The final panel discussion "Young Leaders Perspective: The best papers" was dedicated to the presentation of selected papers by young experts, among which were representatives of NIS, University of Novi Sad and the National Institute of Chemistry, Slovenia, while the discussion was moderated by WPC Youth Committee Chairs from Serbia and Hungary.


According to Dr. Goran Radosavljević, Secretary General of the National Petroleum Committee of Serbia and Advisor to the Director of External Affairs and Government Relations at NIS, oil overproduction and low demand world-wide have resulted in a significant drop in prices, which, due to reduced investments may have long-term effects on the petroleum industry. Certain issues such as climate change and lack of human capital are becoming more important in the forming of the energy mix, while there are some realistic indicators that fossil fuels will gradually lose market share, however, they will maintain primacy long-term. Dr. Radosavljević pointed out that it is precisely because of this that it is important to employ joint efforts to improve the oil companies’ response to new challenges, the most important being raising efficiency and greater flexibility, as well as establishing faster mechanisms for reacting to changes in the surrounding environment, which will be topics in focus of the national committees and the global agenda of the World Petroleum Council in the forthcoming period.

The presentations and official conclusions of the expert workshop will soon be available on the site of the National Petroleum Committee of Serbia. National Petroleum Committee of Serbia is a national body of the World Petroleum Council, established in 2011, its founders being the University of Belgrade, the University of Novi Sad, the Chamber of Commerce and Industry of Serbia, Naftna industruja Srbije j.s.c. Novi Sad, Public Enterprise Transnafta, Public Enterprise Srbijagas, Lukoil Serbia j.s.c., Associations of Oil Companies of Serbia and the Serbian Oil and Gas Association, today also with Standard Gas as its member. The NPCS is dedicated to the promotion of dialogue with key parties in the petroleum industry of Serbia, improving the regulatory framework relating to the petroleum industry, expanding regional and transnational cooperation and development of human resources.

World Petroleum Council (World Petroleum Council) is an international organizationwpc
headquartered in London. Ever since its founding in 1933, it has been recognized as a principal international forum bringing together key players of the global petroleum industry. This organization is dedicated to the promotion of sustainable management and use of the world’s petroleum resources, and to facilitating dialogue between all players involved in the petroleum industry, all the while monitoring key technical, social and environmental global trends and priorities. Members of this organization today are national committees of more than 70 UN member countries from the five continents, representing 95% of the global oil and gas production.