Oil and Gas - - EDITOR’S NOTE -

In­dus­try pro­fes­sion­als across the globe will descend in Mus­cat to at­tend World’s lead­ing Heavy Oil Congress & Ex­hi­bi­tion from Septem­ber 3 to 5. The event will ex­plore the theme “Trans­form­ing the Heavy Oil Value Chain.”

Heavy oil con­trib­utes ap­prox­i­mately 15 per cent of Oman’s oil pro­duc­tion. As heavy oil sec­tor ma­tures, op­por­tu­ni­ties for col­lab­o­ra­tions, in­no­va­tion, and in­vest­ment will also con­tinue to ad­vance and evolve. The WHOC is cer­tain to pro­vide an ideal plat­form for heavy oil pro­fes­sion­als across the globe to gain the lat­est in­sights in heavy oil projects, in­vest­ments, and tech­nolo­gies. Dur­ing the past few months, Saudi Ara­bia, UAE and Oman have re­vealed plans to di­ver­sify their en­ergy mix with re­new­ables and re­duce do­mes­tic con­sump­tion of fos­sil fu­els.

Mean­while, the out­look for 2018 and 2019 Mid­dle East oil de­mand is still pos­i­tive how­ever, with risks skewed to the down­side. Fac­tors that may curb oil de­mand in the re­gion dur­ing 2018 and 2019 in­clude do­mes­tic pe­tro­leum prod­uct re­tail prices, fuel sub­sti­tu­tion, as well as devel­op­ments in the economies of the re­gion’s main oil con­sumers.

En­joy read­ing the is­sue!

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