12 Jan 2011
Oil Prices Could Reach US$100: Dr David Robson
Tethys Petroleum President to Speak at AFF
Central Asian Gas Pipeline Could Soon Fuel Tomorrow’s Hong Kong
12 January 2011 – World demand for oil, particularly from Asian markets, will drive prices as high as US$100 a barrel this year, according to Tethys Petroleum Ltd President and Chief Executive Officer Dr David Robson.
Founded by Dr Robson in 1997, Tethys is an oil-and-gas exploration and production company that has pioneered projects in such Central Asian countries as Kazakhstan, Tajikistan and Uzbekistan. The independent company is listed on the Toronto Stock Exchange.
“I certainly don’t see oil prices declining substantially,” said Dr Robson, who made his comments in a 5 January interview with the Hong Kong Trade Development Council. Dr Robson will speak at the Asian Financial Forum (AFF) in Hong Kong later this month, during a panel discussion on investment opportunities in natural resources.
“I think the demand, particularly in the Asian markets, will drive the oil price forward,” he said, adding that the projection for oil prices to be between US$90 and US$100 is “probably realistic.”
Central Asian Gas to Fuel Hong Kong
Dr Robson also said it won’t be long before Central Asian gas could reach Hong Kong via the Chinese mainland’s pipeline network, a development he said is feasible now.
“It will come down to the development of gas contracts with Hong Kong gas buyers” who would work out commercial transit arrangements through the mainland pipeline system to Southern China and Hong Kong, he said. “I don’t think [such an arrangement] is long away.”
An expanded version of Dr Robson’s remarks can be viewed at www.youtube.com/hktdc.
Asia: Reshaping the Global Agenda
More than 1,500 participants, a new attendance record, and some 70 speakers are expected to attend AFF 2011, which will take place, 17-18 January, at the Hong Kong Convention and Exhibition Centre. Under the theme “Asia: Reshaping the Global Agenda,” the forum will focus on major issues, challenges and opportunities facing Asia and the mainland in particular.
The event will offer market intelligence and insight along with networking for a wide range of professionals, including bankers, institutional investors, fund managers, business leaders, senior executives and regional policymakers.
Confirmed mainland speakers at AFF 2011 include Cheng Siwei, Former Vice Chairman, Standing Committee, National People's Congress, China and Chairman, International Finance Forum (Beijing); Shang Fulin, Chairman, China Securities Regulatory Commission; Chen Yuan, Chairman, Board of Directors, China Development Bank; and Xiao Gang, Chairman, Bank of China Ltd.
Prominent overseas speakers will include William Hague, Secretary of State for Foreign and Commonwealth Affairs, the United Kingdom; Cesar V Purisima, Secretary of Finance, The Philippines; Robert Mundell, Nobel Prize-winning economist; and John Peace, Chairman, Standard Chartered PLC.
Workshops, Deal Flow
AFF 2011 will include nine thematic workshops. Highlights include a workshop on “Hong Kong as China’s Global Financial Centre – the RMB Dimension,” jointly organised by Financial Services and the Treasury Bureau, the Hong Kong Monetary Authority and the HKTDC. The forum will also include the half-day AFF Deal Flow session, featuring one-on-one meetings between companies and potential investors.
The AFF is organised by the HKTDC and the Hong Kong Special Administrative Region Government.
HKTDC Webcast: http://www.hktdc.com/info/webcast/v/en/en/1X04ATK1
AFF 2011 Website: http://www.asianfinancialforum.com/
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Please contact the HKTDC's Corporate Communication Department:
Tel: (852) 2584 4216
About the HKTDC
A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 11 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com