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Chimborazo 705 y Pampite Centro de Negocios La Esquina, Torre 2 Cumbay, Ecuador www.ivanhoeenergy.com

Executive Chairman of Ivanhoe Energy coordinates and leads Oil and Gas Summit in Dubai

(21 & 22 February 2013, Madinat Jumeirah, Dubai) For third successful year the Russia & CIS Executive Summit gathered together in Dubai the highest level executives in the Downstream Oil & Gas Industry, to reveal their future plans for development, discuss the challenges and opportunities that the industry in this region is facing today and share their experience on attracting investments and major projects financing. The unconventional format of the event encouraged interesting discussions among the participants and let them share their points of view on the pressing issues brought up by senior representatives of leading consultants, financiers, investors, technology and service providers during the presentations and panel session.

During the first day of the conference Mr. Jean Sentenac, Chairman & CEO of Axens, brought up the main challenges in the refining and petrochemical industry in the Russia & CIS region. In his presentation he explained the importance of developing new technologies and additional processes and services to answer the needs of this market.

For more information: Ana Vernica Arteaga Varea, PR and Communications Ivanhoe Energy Ecuador Mobile: 0993718494 Mail: anaa@ivanhoeecuador.com

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Chimborazo 705 y Pampite Centro de Negocios La Esquina, Torre 2 Cumbay, Ecuador www.ivanhoeenergy.com

Another presentation that raised the attention of the participants was delivered by Mr. Rustem Gimaletdinov, Head of Refining, Petrochemicals & Gas Processing Development Department in LUKOIL. He presented challenges and outlook in modernisation of Russian refineries from an end-user point of view, which most of the attendees found very useful and applicable. The second half of the first day was dedicated to financing of major projects and attracting investments. Leading worldwide consultants such as White & Case and Ernst & Young participated in the extended panel discussion with high-level representatives from World Bank, Asian Development Bank, Financial Ministry of Russian Federation and more to discuss the key risks and solutions when attracting investments for major projects as well as legal aspects and government regulations influencing the outcome of those investments. Day two was dedicated to improving efficiency and profitability with a session chaired by Mr. Carlos Cabrera, Executive Chairman of Ivanhoe Energy, known as one of the most respected names in the Oil & Gas Industry with more than 35 years of experience, granted seven U.S. patents and authored numerous publications.

For more information: Ana Vernica Arteaga Varea, PR and Communications Ivanhoe Energy Ecuador Mobile: 0993718494 Mail: anaa@ivanhoeecuador.com

PRESS RELEASE

Chimborazo 705 y Pampite Centro de Negocios La Esquina, Torre 2 Cumbay, Ecuador www.ivanhoeenergy.com

One of the most impressive part of the conference for all delegates was the Leaders Panel Session which gathered in an extended discussion with end users and other top executives. This professional event was organised by Euro Petroleum Consultants [EPC] - an independent organisation providing technical services to oil, gas and petrochemicals companies as well specialized oil and gas conferences and training seminars. More about this Summit in www.europetro.com

For more information: Ana Vernica Arteaga Varea, PR and Communications Ivanhoe Energy Ecuador Mobile: 0993718494 Mail: anaa@ivanhoeecuador.com