Oil, gas corporations bid for $40b 'Rebuild Iraq' projects

DUBAI — A projected $ 35-40 billion (Dhs 128.55-146.92 billion) is up for grabs as contractors vie to participate in rebuilding the Iraqi oil sector.

By A Staff Reporter

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Thu 23 Jun 2005, 10:32 AM

Last updated: Thu 2 Apr 2015, 4:45 PM

OGS 2005, the premier Arab Oil and Gas Show which is to be held from November 7 to 9, 2005, at the Dubai International Exhibition Centre, is expected to be an important link between cutting-edge technology providers and investors in Iraq's resurgent Oil & Gas sector.

In the 12th edition of its showing, OGS will provide companies with a platform to network and discuss business prospects, innovation and issues related to exploration, extraction, processing, storage, transportation and security in the oil and gas industry. "With investment in Oil & Gas infrastructure growing exponentially all across the GCC region, investors are increasingly on the look-out for technologies and services that provide the optimum combination of high return on investment and competitive edge in a dynamic global market-place.

OGS, as a forum, has created a niche where industry leaders can be assured of hands-on inspection of newly launched technologies and services," said Anselm Godinho the Managing Director of International Conferences & Exhibitions (IC&E). The show bears tremendous importance to the region as the Gulf's economy is largely driven by reserves of oil and natural gas. Saudi Arabia, according to independent research, has one-fourth of the world's proven oil reserves.

More news from