Huge del­e­ga­tion head­ing for oil and gas event

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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

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