• Home
• /
• Local business

UAE oil, gas companies eye investment in Iraq

The UAE’s oil and gas industry is expected to make a major impact at the third annual Basra Oil and Gas International Conference and Exhibition officially supported by ministry of oil and organised by Expotim & Pyramids International.

As the first largest international participating country, UAE oil and gas companies are expecting to capitalise on the opportunities being presented during the four-day event in December.

Taking place from December 6-9 and officially supported by the Iraq ministry of oil, UAE companies represent a significant portion of event participants, and this number has grown year-on-year since its inception in 2010. Last year saw a massive 93 per cent increase in UAE exhibitors, with no less than 70 per cent anticipated for 2012.

Event director, Nazli Candemir Dursun, said:“This ongoing growth can be contributed to the strength of service offerings from UAE based companies, fulfilling much of Iraq’s requirements over the upcoming years. The UAE has established itself as a strong hub for oil and gas in this part of the world, and the level of services being provided by UAE exhibitors is some of the highest we see across the whole event.”

UAE companies including Gulftainer, National Petroleum Services, NAFFCO, Solar Turbines, Eagle Burgmann, Middle East Tubular Services and Gastech are just a few of some 30 exhibitors looking to increase their presence in oil rich Iraq.

And it is not only exhibitors that are making the most of the four-day event, as the UAE represents the second highest level of overall participation. Expected to attract more than 17,000 visitors, the four-day conference and exhibition will take place at Basra International Fair Ground for the third consecutive year.

business@khaleejtimes.com