A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 126 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

RC personal account
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Khalid  A. Al-Falih

Khalid A. Al-Falih

Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia; Chairman of the Board of Directors, Saudi Arabian Oil Company (Saudi Aramco)
Quotes
07.06.2019
SPIEF 2019
Global Energy Sector: Challenges and Opportunities
We have mechanisms for correcting our target indicators towards increase or decrease. We see a clear consensus on the need of long-term cooperation that has been discussed over the last few months. All companies, all countries have expressed their support for this suggestion. We cannot influence the market in the same extent as OPEC anymore, but we can do that as an extended group
07.06.2019
SPIEF 2019
Global Energy Sector: Challenges and Opportunities
We will continue stating a consolidated position in the oil market on supply, amount and distribution as part of the OPEC+ deal
07.06.2019
SPIEF 2019
Global Energy Sector: Challenges and Opportunities
Now the market is influenced by the factors that we cannot control. We try to use all available tools, but we can have impact only on supply, and there is a huge issue regarding the demand that depends on macroeconomic factors. Expectations of the market and of investors are beyond our control
07.06.2019
SPIEF 2019
Global Energy Sector: Challenges and Opportunities
Dynamics of growth of shale hydracarbons production surprised everyone. <…> But the growth that we witnessed last year and are witnessing this year is unlikely to be sustainable in the mid- and long-term. Another very important factor for shale hydrocarbons is quality. Most processing capacities worldwide are originally designed for oil of certain quality. This decreases demand for shale hydrocarbons, and that is why plans to build pipelines to supply American shale hydracarbons to the global market look way less attractive
25.05.2018
SPIEF 2018
Transformations in the Energy Sector
The market develops in a dynamic way. Taking into account influential political events, as producers we try to influence the market with our collective decisions, which has proved quite successful after the discussion with the Russian partners