GCC States strengthen downstream operations as they diversify economies
The oil and gas sector’s downstream industries in the region are experiencing a robust growth, enabling the GCC states to continue to diversify their economies. The KSA, with the world’s largest conventional crude oil reserves under its possession and the capacity to produce 12.5 million barrels per day of oil, has drawn strategies to reinforce its downstream operation to drive industrial diversification. The UAE, on the other hand, has undertaken multi-billion dollar downstream expansion projects with an aim to cement its position at the top of the global refining and petrochemical industry.
The 19th edition of the Arab Oil and Gas Show 2015 – the International Trade Exhibition for Onshore and Offshore Oil, Gas and Petrochemical Industries Serving the Middle East and beyond, will highlight the potential of the regional downstream sector and at the same time offer infinite investment opportunities to all downstream industry operators. The region’s premier oil and gas exhibition will take place from April 21 to 23, 2015 at the Dubai International Convention and Exhibition Center.
Anselm Godinho, Managing Director, International Conferences and Exhibitions (IC&E), said: “The Gulf States have undertaken strong measures that will push the downstream sector forward and define long-term sustainable economic growth for the region. The Arab Oil and Gas Show 2015 will focus on lucrative investment opportunities in the regional downstream sector.”
Held under the patronage of the Supreme Council of Energy and supported by the Government of Dubai and Dubai Water and Electricity Authority (DEWA), the Arab Oil and Gas Show 2015 is being organized under the theme ‘Synergy in Energy, At the Forefront of Sustainability.’ It will run in conjunction with WETEX 2015 – The Water, Energy, Technology and Environment Exhibition. The exhibition will also showcase all facets of the UAE’s oil and gas industry to a diverse, worldwide audience under the umbrella of a comprehensive Energy platform and will host recruitment and training sessions specifically for UAE Nationals.