UAE’s Oil Consumption To Increase 27.5 Per Cent To Over Half A Million Barrels Per Day By 2020 #Sharjah

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UAE’s Oil Consumption To Increase 27.5 Per Cent To Over Half A Million Barrels Per Day By 2020

Arab Oil & Gas (AOGS) 2011, the premier biennial showcase for the region’s oil, gas and petrochemical industry, has announced that over 250 exhibitors from more than 25 countries will be participating in the international trade event, driven by lucrative business prospects that have emerged in key Middle East markets.

With domestic oil consumption expected to increase by 27.5 per cent between 2010 and 2020, the UAE will be a key target market for exhibitors of AOGS 2011, who are looking to cater to a significant rise in demand for oil and gas technology, equipment and professional expertise. By 2020, consumption has been predicted to reach 599,000 barrels per day, creating an urgent need to further expand and enhance existing oil and gas infrastructure in the UAE.

AOGS 2011 will run from 18th to 20th September 2011, at the Dubai International Convention and Exhibition Centre.

Anselm Godinho, Managing Director, International Conferences and Exhibitions (IC&E), the organisers of AOGS, said, "The Arab Oil & Gas 2011” has generated strong interest underlining the region’s reputation as an ideal business and investment destination for the oil and gas sector. The UAE, for instance, is expected to intensify investments in various oil and gas projects and address evolving infrastructural requirements in light of the country’s increasing oil consumption levels. This has, in turn created excellent opportunities for international suppliers, technology vendors and other key players who are looking to explore exciting business opportunities at “Arab Oil & Gas 2011.”

AOGS will be attended by companies in the global oil and gas sector, who will be demonstrating their latest innovations and launching new products and technology, while seeking opportunities to sign contracts with regional distributors and agents. The event will also host technical presentations and provide a platform for exhibitors to tap into regional business opportunities, network with industry players already trading in the region and appoint agents and distributors for their products.