The International Energy Business Forum (IEBF) provides a platform for discussion between Ministers and Chief Executive Officers of leading energy companies. At the 8th IEF in Osaka, Japan, industry leaders and Ministers met informally prior to the Ministerial meeting itself. The Netherlands convened the first IEBF at the 9th IEF in Amsterdam on May 22, 2004. The 2nd IEBF was held two years later at the 10th IEF in Doha, Qatar, and was attended by CEOs of more than 30 leading oil and gas companies. The success of these initial meetings earned the IEBF a permanent role and it is now regularly convened the day before each IEF Ministerial.
The findings of the IEBF meeting are fed directly into the IEF Ministerial and subsequent IEF symposia to ensure that Ministers participating in the Forum are cognizant of the concerns foremost in the minds of industry leaders. This communication is essential to the health of the dialogue.
The IEBF has grown in stature and continues to attract the biggest names in oil and gas because the relationship between government and industry is an increasingly crucial element in the complex process that ensures product is delivered to the market in an affordable, timely and sustainable manner. No private company or sovereign nation can effectively address the myriad issues facing the energy sector unilaterally. But, if both embrace the concept of energy security as a shared responsibility, the world can move closer to more sustainable and stable energy systems and markets.
The IEBF provides a platform for industry leaders to register and debate their views and concerns with the audience most essential to their success—the world’s key energy policymakers. The IEBF is a unique opportunity to freely and openly address sensitive subjects which would otherwise be left unsaid or dealt with less effectively on an ad hoc or bilateral basis.