An Examination of Trends and Opportunities in the World Fuel Oil MarketSupply | Demand | Price | | Inland Usage | Bunker Fuel | | Fuel Oil for Burning | Fuel Oil for Feedstock

www.AxelrodEnergyProjects.com

Organizer

HotelLocation

Corporate Sponsors

Host

CYPRUS

Media Partners

World Fuel Oil Summit XI17-19 MAY 2018

ARE YOU PREPARED FOR 2020?

12:30

13:30

18:30

20:00

08:00

09:00

19:30

09:00

Registration

WORLD FUEL OIL SUMMITPAST ATTENDING COMPANIES (SELECTED)

Aegean OilAggrekoAiteo Energy ResourcesANCAPAOT TradingBakri International EnergyBB EnergyBNP ParibasBP Oil InternationalCabotCepsaCitigroupDaxin PetroleumDelta RubisDukkarEcopetrolElectricity Authority of CyprusEndesa SAEnel TradeENI Trading & ShippingENOCGalaxy Energy InternationalGlencoreGulf PetrochemGunvor International BVHellenic PetroleumHolt GlobalHouston Fuel Oil TerminalInterTank NordicInter TerminalsJP MorganKoch Supply and TradingKuwait Petroleum CorporationLibyan Emirates Oil RefiningLitascoMabanaft InternationalMacoil InternationalMacquarieMaersk Oil TradingMAN DieselMercuria Energy GroupMerril l Lynch CommoditiesMitsuiMonjasaMotor Oil (Hellas)Morgan StanleyOiltankingOpet TradeOrim EnergyORLOvlas TradingPazPeninsula PetroleumPentholPetro SummitPetrobrasPetroChinaPetroineosPhiliaPhill ips 66Public Power CorporationQuadrise Fuels InternationalReliance IndustriesRepsolRislerRio Energy InternationalRosneftRoyal Caribbean Cruise LinesRWESAMIRSaudi AramcoScandanavian Tank StorageShell TradingSocar TradingSociété Africaine de Ra�nageSociété GénéraleSonatrachSumitomoStatoilStaatsolieSwiss Singapore OverseasTauber OilTEWOOTOTSAToyota Tsusho PetroleumTrafiguraTüprasTurkish Petroleum InternationalUnipecValetta BunkersVientoVilmaVitol TradingVTTIVopakWärtsiläWorld Fuel Services

Lobby

Afternoon Facility TourMeeting Place: Lobby, Four Seasons HotelField Trip: VTTI’s VTTV terminal at Vasilikos

Speakers & Sponsors DinnerFor Speakers, Sponsors, and HostO�-site event By invitation only

Cocktails & Gala DinnerMeeting Place: Lobby, Four Seasons HotelFor all delegates (including Host, Speakers, and Sponsors)

Executive ExcursionMeeting Place: Lobby, Four Seasons HotelVisit historical and cultural sites of Cyprus. Professional tour guide Lunch at restaurant in Paphos

Dress Code: Casual for the facility tour (long pants and closed shoes) and executive excursion. Business casual for the remainder.

Evening Cocktail Reception

Four Seasons Hotel

RegistrationFoyer outside Ballroom A

Ballroom A

Four Seasons Hotel

Four Seasons Hotel

Conference Proceedings

For all delegates (including Host, Speakers, and Sponsors)

Vista TerraceFour Seasons Hotel

World Fuel Oil Summit XI 17-19 MAY 2018

Cyprus

Thursday, 17 May

DAY ONE

Friday, 18 May

DAY TWO

Saturday, 19 May

DAY THREE

2

ARE YOU PREPARED FOR 2020?

Friday, 18 May

Ballroom A, Four Seasons HotelRegistration

08:00

09:00Greetings from the Conference ChairLawrence Axelrod, Axelrod Energy Projects

Welcome to Cyprus

09:30Session One: Outlook for Global Markets

Stelios Himonas, Cyprus Ministry of Energy, Commerce, Industry and Tourism

Andreas Marangos, Electricty Authority of Cyprus

World Oil MarketAntoine Hal�, Kayrros

10:45

Session Three: Potential Impacts of IMO 2020 11:35

Session Five: IMO 2020 from Two Perspectives

Outlook for Fuel Oil FlowsAbudi Zein, ClipperData

Outlook for High Sulfur Fuel Oil

10:20Break for Refreshments

12:25Break for Lunch

14:45Break for Refreshments

Jesse Axelrod, Axelrod Energy Projects

World Tanker MarketNigel Dean, Energy Shipping Ltd.

Re�ner’s PerspectiveJamie Lewis, Motiva Enterprises

Bunker Supplier’s PerspectiveWill Bathurst, Peninsula Petroleum

DiscussantMikhail Shapiro, Glencore

DiscussantJasper Schmeetz, VTT Vasiliko Ltd (a VTTI company)

DiscussantMichalis Simopoulos, Lavar Shipping

DiscussantSaida Seddaoui, CITAC Africa Ltd

13:55Session Four: IMO 2020 from Two Perspectives

Shipowner’s PerspectiveSavvas Manousos, Maersk Oil Trading

Storage Owner’s PerspectiveHari Dattatreya, Vopak

15:10

16:10Conference Chair’s Concluding Remarks

16:25Adjournment

Session Two: The View from Wärtsilä

Outlook for Shipborne ScrubbersSigurd Some Jenssen, Wärtsilä Environmental Solutions

Outlook for Fuel Oil for Power GenerationEdmund Phill ips, Wärtsilä Energy Solutions

World Fuel Oil Summit XI 17-19 MAY 2018

Cyprus

Conference Agenda

3

World Fuel Oil Summit XI 17-19 MAY 2018

Cyprus

Conference Sponsorship & Registration

Sponsorship Opportunities

Conference Registration

Siver Sponsor

Conference Hotel

Delegate Registration

Spouse/Significant Other Registration

Payment

€520 + VAT

Four Seasons Hotel

67/69 Amathus Avenue4532 Ayios TychonasLimassol, Cyprus

DateName Mr. Ms.Position/DepartmentCompanyAddressCity, Postal CodeCountyPhone (O�ce)Phone (Mobile)E-mail

Phone: (+357) 25 858 000Fax: (+357) 25 310 887www.fourseasons.com.cy

Early Registration

Standard Rate

I plan to participate in

€1,550 + VAT if received by 10 April 2018

€1,870 + VAT

Those interested in the benefits of sponsorship are invited to contact Karen J. Harris at + 1 (212) 749-1902 or general@axelrodenergyprojects.com.

Gold Sponsor Platinum Sponsor

For further information, please visit,www.AxelrodEnergyProjects.com.

Number of delegates varies with level of sponsorship.

Spouse/significant others are welcome to attend the Facility Tour, Cocktail Reception, Conference Luncheon, Gala Cocktails and Dinner, and Executive Excursion (including lunch).

A block of rooms has been reserved at the Four Seasons Hotel. Room rates (incl. of VAT) are: Superior Inland View Rooms: Single @ €215.00, Double @ €290.00; Superior Sea View Rooms: Single €270.00, Double : €380. Room rates include full English breakfast bu�et. Delegates are encouraged to book early to secure conference hotel rooms, which will be allocated on a first-come first-served basis. Availability of conference hotel rooms at discounted rates is l imited and cannot be guaranteed.

Conference is subject to cancellation. Liability is l imited to funds remitted for conference registration and sponsorship. Program is subject to change without prior notice. The organizer reserves the right to refuse registration or sponsorship of any individual or company. Registrants acknowledge that photographs taken at the conference, which may include their image, may be used in promotional material. Registrants also acknowledge that references to the names of their companies/organizations/agencies may be used in promotional material.

Payment is to be made in advance of conference. Payment may be made by credit card or wire transfer.Please check applicable box.

Discounted price for three or more simultaneous registrations from same company is €1,390 + VAT per person by 10 April 2018 or €1,705 + VAT after 10 April 2018.

Online hotel reservations can be made by clicking on the link below:

Payment arrangements (by wire or credit card) and inquiries may be directed to Karen J. Harris at general@axelrodenergyprojects.comor phone +1 (212) 749-1902.

Facility Tour

Name Mr. Ms.

Gala Dinner Executive Excursion

Will participate in

Total PaymentCard TypeCard NumberExpiration DateCardholder NameCardholder Signature

CREDIT CARD

Facility Tour

Wire Transfer Credit Card

MasterCard Visa

Gala Dinner Executive Excursion

4

https://www.fourseasons.com.cy/-Main.aspx?Module=BookDi

-rect&RateGroupID=38&checkin=16-05-2018&checkout=20-05-2018

Please scan and email this registration form to:

Attn: Karen J. Harrisgeneral@axelrodenergyprojects.com

CANCELLATIONIf cancelled in writing by 10 April 2018, the registration fee will be returned, less a €205 administrative charge. After 10 April 2018, no return of fee, but a substitution from same company is permitted.