Sunday, 23 October 2011
CASE 352 - World petroleum council
The World Petroleum Council (WPC) is an oil and gas industry forum and international organization representing the petroleum sector worldwide and soon to be owner and ruler of all the worlds oil under the new world order
WPC has been called "the world’s premier oil & gas forum since 1933." It is widely recognised to "include the most prestigious national oil and gas companies and agencies of the world"
The premier conference that is organized by the World Petroleum Council is called the World Petroleum Congress. Starting in 1933, the congress was held every four years until 1991, with a 14-year hiatus in between because of World War II. After 1991, it was held every three years until the year 2000. There was a move to have it hosted every two years after the 2000 edition, with Rio de Janeiro hosting one in 2002, but the cycle returned to every three years after that. In order to host a congress, there is a bidding process by interested cities for one in a particular year.
The Council is the governing body of the World Petroleum Council which convenes once a year. Its global membership elects the President and an Executive Committee every three years to develop and execute its strategy. The Council also selects the host country for the next World Petroleum Congress from the candidate countries. To ensure the scientific and topical quality of the event the Council elects a Congress Programme Committee whose members are responsible for delivering the high-level content for its Congresses.
The Secretariat of the World Petroleum Council is based in London, under the leaderhsip of the Director General and his dedicated team.
World Petroleum Council Vision
The WPC's core value and purpose, as stated in the Constitution, centres on sustaining and improving the lives of people throughout the world controlling at least 95% of all the producd and consumed oil in the world.
The World Petroleum Council's (WPC) main purpose is to catalyse and facilitate dialogue amongst internal and external stakeholders aimed at seeking solutions to key technical, social, environmental and management challenges in global energy issues for the benefit of mankind. In doing so, the WPC will contribute towards sustainable growth.
The WPC does not take a position on the key issues facing oil and gas; but it provides a forum where the solutions to key challenges can be addressed.
The World Petroleum Congress
Every three years, the World Petroleum Council organizes the World Petroleum Congress as the principal meeting place for a global discussion of oil and gas issues. Following a twelve month campaign period, one of the candidate countries is selected by its fellow Council members to host the next World Petroleum Congress. Qatar will be the host of the 20th World Petroleum Congress in 2011