Exhibitors display innovative products at Arab oil, gas show

DUBAI — Arab Oil & Gas Show 2011 opened on Sunday with over 150 exhibitors from 25 countries and thousands of trade visitors attending the event. The show, which will run until 20th September, 2011, showcases innovative products, technology and services for the energy value chain, providing opportunities to network and trade in a commercial and business-friendly 

International suppliers attending the event are seeking to capitalise on fresh business prospects in the region, including a spill-over of contracts for the planned $5 billion investment by Abu Dhabi National Oil Company to raise output capacity by 2016.

Reports have revealed that service contracts will be awarded in 2012 for projects that increase capacity and raise output up to 3.5million barrels per day (bpd), creating a surge in demand for the latest equipment, technology, services and technical expertise.

“The Arab Oil & Gas Show is regarded as a value-added addition to the UAE’s energy sector and an integrated platform that showcases the best and latest solutions, technologies and equipment that will open new growth opportunities in the country’s oil and gas industry,” said Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority. “The extensive participation in the current edition of the event reflects the increased confidence in the economy of Dubai, which leads the way in providing a safe environment for investment in various vital industry segments including oil and gas,” Al Tayer added.

Anselm Godinho, Managing Director, International Conferences and Exhibitions (IC&E), organisers of the event, said: “There are numerous oil and gas contracts that are expected to be tendered within the next two years, creating an increase in demand for equipment, technology, services and expertise. International suppliers and contractors seeking to capitalise on the robust market outlook are therefore eager to showcase and demonstrate their innovations and capabilities to potential buyers in the region. The Arab Oil & Gas Show is certainly an ideal event for all stakeholders to network, sell and sign distribution deals that will feed into project contracts over the next year.”

Exhibitors have likewise portrayed a very positive outlook for the region’s oil and gas industry. They have expressed confidence in the UAE business environment recognising that Dubai as a venue looks beyond its borders and attracts business interests from all over the region.

AOGS 2011 will also feature the Energy Job Fair 2011 - an exclusive event organised to help bridge the divide between education and industry and support training and recruitment of professionals and engineers within the energy sector. —abdulbasit@khaleejtimes.com

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