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Home | Conferences | Managing Major Strategic Change in the Global Oil, Gas andPetrochemical Industry
Course Schedule
Format Time Fees
07 - Nov 2022 Virtual Conference 11:00 to 16:00 Dubai [GMT +4] $1,100 Register
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Course Description

Conference Brief

This GLOMACS online conference and forum “Managing Major Strategic Change in the Global Oil, Gas and Petrochemical Industry” has been designed specifically for experienced managers who wish to develop high-level skills within the increasingly complex and fast changing oil, gas & petrochemical industry. It will enable participants to respond to the challenge of linking strategies to profitable growth objectives within these three closely integrated sectors at a time of major disruption in the structure and trends of the business.

By the end of this GLOMACS event, participants will be able to:

  • Appreciate and understand each of the three basic elements of the business
    • (i) oil, gas and petrochemical trends
    • (ii) reconciling different interests in global versus local relationships
    • (iii) the reality of doing business in the post-COVID world
  • Develop action plans that link sourcing strategy to regaining and sustaining profitable growth in a post-COVID scenario
  • Identify and manage the new risks in oil, gas and petrochemicals
  • Design effective approaches to strategic choice in sourcing
  • Negotiate and control the balance of global versus local relationships

Conference Highlights

  • Problems, challenges and opportunities in the global oil, gas and petrochemical industry
  • Re-balancing global versus local decisions in developing your business structure
  • Dealing with complex legal and operational issues in the changed business climate
  • Identifying, assessing and managing a different type and level of business risk
Course Outline

Macroeconomic Relationships – Companies, Governments and Institutions

  • The drivers of structural change in each of the 3 sectors
  • OPEC and non-OPEC players and the major markets
  • Strategic challenges and opportunities facing the industry
  • Potential risks and rewards in a post-COVID scenario

Global Versus Local Decisions in Procurement

  • Balancing technical and financial decisions in procurement policy
  • The main regional differences in procurement practices
  • Different management models for global/local procurement
  • Designing a procurement plan for individual organisations

Major Themes in the Legal Frameworks of Local Content

  • Incorporating local content into complex supply chains
  • Protecting intellectual property rights in contracts
  • Guidelines on negotiating balanced global/local contracts
  • Developing negotiating and managerial skills in procurement

The Main Strategic Risks in this Business

  • Understanding the risk management process
  • Tools and techniques of risk analysis and risk management
  • Application of the risk management process at the strategic level
  • How to develop your strategic risk management system

Workshop/Breakout session

Q&A / Summary / Wrap up / Finish

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