Huge delegation heading for oil and gas event
Eighty Scottish energy firms – led by the country’s economy minister – will descend on Abu Dhabi this week as they aim to boost ties with the UAE.
Keith Brown, Scotland’s Cabinet Secretary for Economy, Jobs and Fair Work, will head one of the country’s biggest delegations to high-profile oil and gas exhibition and conference ADIPEC, which take places from today until November 10 at the Abu Dhabi National Exhibition Centre.
The delegation will include 80 oil and gas companies – 60 exhibiting on the Scotland pavilion and a further 20 attending with their own stands or joining partners/agents at their stands.
The Cabinet Secretary’s visit has been organised by Scottish Development International the Scottish Government’s international arm.
Oil and gas is one of the most important sectors for the Scottish economy.
In March 2016, the Scottish Survey of International Activity for the Oil and Gas Sector 2014/15 showed international activity reached a record £12.2 billion (Dhs56 billion).
The Middle East is a key market for Scotland’s oil and gas industry with international sales between the two regions reaching £1.01 billion in 2014. The Middle East is also a top ranked region for immediate growth opportunities, according to the International Activity of the Scottish Oil and Gas Supply Chain Survey.
Brown said: “The recent market has been challenging for the oil and gas industry, with global oversupply and a constrained economic outlook in several key markets negatively impacting prices.
“At a time of significant change in the oil and gas industry, it’s crucial that Scotland’s supply chain companies continue to seek out new opportunities at home and in abroad.
“Building on existing relationships in the Middle East, ADIPEC provides an ideal platform to showcase Scotland’s supply chain companies.
“Many of our firms offer innovative products and services in a range of industry sub-sectors and help develop greater operational efficiency in projects, which are needed given the current costconscious climate. “
ADIPEC is expected to attract more than 2,300 exhibiting companies, 8,500 delegates, 700 speakers, and 100,000 trade professionals from 135 countries.
BUSINESS: Oil and gas is key for Scotland