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IsDB Group Private Sector Institutions organized the 12ᵗʰ Edition of the “Private Sector Forum” Riyadh, Saudi Arabia, 28-30 April 2024

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This event served as a gateway for potential investors interested in Saudi Arabia and as a platform to promote the KSA Vision2030

RIYADH, Saudi Arabia, May 1, 2024/APO Group/ — 

The private sector institutions of the Islamic Development Bank (IsDB) Group successfully organized the 12th edition of the “Private Sector Forum – 2024”. Held from 28th to 30th April 2024 at the Intercontinental Hotel in Riyadh, Saudi Arabia, the Forum took place on the sidelines of the Annual Meetings of the IsDB and the Golden Jubilee of the Islamic Development Bank under the patronage of the Custodian of the Two Holy Mosques, King Salman Bin Abdelaziz Al Saud.

The primary objective of the Private Sector Forum was to provide a unique platform for the global business community to connect, network, and explore investment and trade opportunities offered by member countries. Additionally, the Forum showcased IsDB Group activities, projects, services, and initiatives across member countries, highlighting the organizations’ role in promoting Public Private Partnership (PPP) projects and its services to the private sector. This event served as a gateway for potential investors interested in Saudi Arabia and as a platform to promote the KSA Vision2030.

This year’s forum has been instrumental in facilitating a valuable exchange of knowledge among leading experts and stakeholders

The event attracted more than 2,000 participants, including government officials, Chairpersons, Presidents, and CEOs of local and international companies, multilateral and financial institutions, chambers of commerce and industry, business associations, investment promotion agencies, individual investors, and entrepreneurs. The Forum facilitated parallel business to business (B2B) and business to government (B2G) meetings, enabling business communities across member countries to establish valuable connections. Moreover, the event featured exhibitions for partners, a competition for start-ups, and, for the first time, recognized and awarded notable organizations and personalities has been recognized and awarded by the IsDB Group entities.

In his address, H.E. Dr. Muhammad Sulaiman Al Jasser, Chairman of the IsDB Group, remarked: “The 12th edition of IsDB Group Private Sector Forum, taking place this year in the Kingdom of Saudi Arabia, has successfully promoted the integration of the public and private sectors, which is crucial for the economic and social development of our member countries. It is the responsibility of the public sector to develop infrastructure and legislation to foster an attractive business climate for the private sector to stimulate production and create jobs” H.E. Dr. Muhammad Sulaiman Al Jasser thanked the attendees for their participation in the Forum, which included 17 sessions, more than 60 speakers, 32 exhibitors, and more than 2,000 participants representing 60 countries and witnessed the signature of 61 agreements with amount of US$ 6,486 billion.

Mr. Oussama Kaissi, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral credit and political risk insurer and a member of the IsDB Group, on the impactful outcomes of the forum, stated: “The Private Sector Forum has served as a crucial platform for ICIEC to explore innovative strategies that merge trade, insurance, and investment sectors, especially in line with Saudi Arabia’s Vision 2030. This year’s forum has been instrumental in facilitating a valuable exchange of knowledge among leading experts and stakeholders.” “Moreover, the Forum played a critical role in highlighting the importance of these sectors in fostering economic diversification and sustainability. Our approach at ICIEC, guided by robust underwriting, reinsurance, and risk management policies, has significantly contributed to this effort. With over US$ 108 billion in cumulative trade and investment insurance, focusing on key sectors such as energy, manufacturing, infrastructure, healthcare, and agriculture, we have been able to identify challenges and opportunities that align with Vision 2030, fostering essential partnerships. ICIEC remains committed to driving economic growth and sustainable development in our member states through strategic insurance and investment solutions.” added Mr. Kaissi .

Reflecting on the success of the Private Sector Forum, H.E. Eng. Hani Salem Sonbol, the Acting CEO of The Islamic Corporation for the Development of the Private Sector (ICD), and CEO of the International Islamic Trade Finance Corporation (ITFC), highlighted the core focus of their activities on sustainability and development. He expressed hope that the forum effectively presented existing co-financing opportunities available for the private sector and discussed potential solutions in sustainable development. Eng. Hani Salem Sonbol emphasized the importance of the private sector as a vital driver of economic growth, job creation, and poverty alleviation in member countries. The ICD has been instrumental in this effort, having disbursed more than USD 4.5 billion to unlock private sector investment in finance, infrastructure, agriculture, manufacturing, and energy for sustainable development since its inception in 1999. This is a testament to their commitment, with a record of 451 approved projects in 50 countries. He reaffirmed ITFC’s commitment to supporting private sector growth, underscoring the collaborative efforts in empowering businesses and driving economic progress across member countries. Over the last 15 years, ITFC has approved a cumulative total of US$ 18.5 billion in support of private sector and SME clients, accounting for 25 % of its trade finance portfolio.

For more information, please visit the Private Sector Forum website (www.ISDBG-PSF.org).

Distributed by APO Group on behalf of Islamic Development Bank Group Business Forum (THIQAH).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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