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Non-Opec producers tap Abu Dhabi for growth
The Abu Dhabi International Petroleum Exhibition and Conference (Adipec), will be used as a hub for global deal-making.
dubai - They increase presence at ADIPEC to access global deals
Two of Russia's biggest oil and gas companies, Lukoil and Gazprom, have each confirmed substantial exhibition areas, with CEOs and other top-level decision makers leading their company delegations and taking part in conference panels. They will be the biggest names among more than 30 Russian companies attending.
They will be joined by resource owners from other CIS members, including Kazakhstan, Uzbekistan and Azerbaijan, as well as by oilfield services companies from the region. Based in countries that were once part of the Soviet Union, they will use Adipec as a gateway to expansion.
"Russia is among the top 10 countries of the world in terms of oil reserves, and this has supported the growth of a highly sophisticated petroleum industry, from exploration and production, through to oilfield technology and services, transit, refining, distribution and sales," said Lukoil president Vagit Alekperov. "Russian companies are now actively expanding their international operations, and Adipec offers them access to global partnerships, including for new resources, new markets and new investment."
Alongside the big oil and gas producers, other well-known industry names attending Adipec include SCADTech, Revalve, Intra, Transneft Diascan, OZNA, GazNefteMash, and PTPA. The Skolkovo innovation, science and technology cluster, based just outside Moscow, will also be an exhibitor.
- business@khaleejtimes.com
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