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Islamic Development Bank Institute’s (IsDBI) Board of Trustees Holds its 11th Meeting

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IsDBI

The 11th Board of Trustees meeting was the first to be held in person since 2019

JEDDAH, Kingdom of Saudi Arabia, December 18, 2022/APO Group/ — 

The Board of Trustees of the Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) held its 11th Meeting on 12 December 2022, at the IsDB Headquarters in Jeddah.

The Board, chaired by IsDB Group Chairman, H.E. Dr. Muhammad Al Jasser, discussed the Institute’s medium-term work program for 2023-25, aimed at maximizing impact by prioritizing areas where the Institute has a comparative advantage.

The 11th Board of Trustees meeting was the first to be held in person since 2019, with the last two meetings in 2020 and 2021 held virtually due to the COVID-19 pandemic.

In his opening remarks, H.E. Dr. Al Jasser first welcomed the new Trustees, inviting them to guide the deliberations of the Board with their experience and wisdom.

He then observed that as the effects of the pandemic linger, IsDB member countries continue to face new challenges, including geopolitical conflicts and climate crises, that hinder their socio-economic progress. In response, the IsDB Group has been implementing major initiatives to support member countries achieve sustainable economic recovery. In particular, IsDB has adopted a strategy focused on three objectives: (i) boosting recovery; (ii) tackling poverty and building resilience; and (iii) driving green economic growth.

“The IsDB Institute, as the knowledge beacon of the IsDB Group, has a critical role to play in providing the soft-skills knowledge as prerequisites to achieving the Bank’s strategic objectives over the next three years. The Institute’s role is paramount in providing evidence-based decision-making and in unleashing the potential of Islamic finance as an efficient tool to achieve economic and social development,” Dr. Al Jasser stated.

The Board members thanked H.E. the Chairman for the opportunity given to them to serve on the new board. They also noted that the Institute’s medium-term work program sufficiently focused on key priorities that would help in confronting the challenges of the member countries.

In his remarks, Dr. Sami Al-Suwailem, Acting Director General of IsDBI and IsDB Group Chief Economist, thanked H.E. Dr. Al Jasser and the Board members for providing inspirational leadership to the Institute.

The Institute’s role is paramount in providing evidence-based decision-making and in unleashing the potential of Islamic finance

In a brief on the Institute’s medium-term work program, Dr. Al-Suwailem explained that the focus is on priority projects based on added value and sustainability; quality over quantity; strategic initiatives; and leveraging partnerships to maximize impact. He added that the Institute would look forward to having active engagement with the Board members in implementing its initiatives.

The newly reconstituted Board of Trustees comprises eminent personalities from various professional backgrounds in both the public and private sectors, namely:

  • Hon. Abdulghafar Agil Al-Awadhi

IsDB Executive Director, and Assistant Undersecretary for Financial Accounting Affairs, Ministry of Finance, Kuwait

  • Hon. Dr. Kazim Niaz

IsDB Executive Director, and Secretary of the Ministry of Economic Affairs, Pakistan

  • Hon. Malick Ba

IsDB Executive Director, and Technical Adviser in the Ministry of Economy, Planning, and Cooperation, Senegal

  • Hon. Khalid Hamad Abdulrahman Hamad

Executive Director of Banking Supervision, Central Bank of Bahrain

  • Hon. Dr. Abdallah Souleymane

Senior Advisor, Arab Fund for Economic and Social Development (AFESD)

  • Hon. Dr. Bambang Susantono

Chairman, Indonesia’s New Capital City Authority

  • Hon. Dr. Mohamad Hammour

Chairman & Managing Director, Guidance Financial Group, Riyadh, KSA

  • Hon. Dr. Sabina Alkire

Director, Oxford Poverty and Human Development Initiative (OPHI), UK

  • Hon. Rami Alkarmi

Founder and Chief Futurist & Disruptor at Abnewnormal.ai Venture Studio

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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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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