Senior Director | Center for Energy Impact
Raad Alkadiri is a senior director at the BCG Center for Energy Impact.
He is an expert in country risk, with more than 20 years of experience advising senior oil and gas industry executives and government leaders on the management of long-term investment strategies, above-ground risk mitigation, and stakeholder engagement.
Previously Raad ran the petroleum sector risk capability at IHS and was a partner at PFC Energy. From 2003 to 2004, Raad was policy advisor and assistant private secretary to the UK Special Representatives to Iraq.
State-owned oil and gas companies must adapt meaningfully to ongoing transitions toward the use of low-carbon sources of energy. They will need to reduce emissions and lower costs to compete in the years ahead.
By improving the profitability of their upstream businesses, companies will have more cash for a wide range of value creation levers.
An analysis of pandemic stimulus measures finds that Europe is continuing its steady shift toward green energy while major Asian countries are sharply accelerating their transition.
The agreement to cut production may go some way to restoring the industry’s fortunes—but oil players will have to proceed carefully.
Companies will need to scale back their oil price assumptions for deals to flourish.
Oil producers are feeling the financial pressure created by the collapse in crude oil prices. To compensate for the lost revenue from exports, they will have to depend on budget cuts and foreign reserves.