Event News

Proving better insight into the UAE O&G industry

MazrouieThe EIC Connect 2017 in Abu Dhabi took place on 23 May with the aim of highlighting opportunities to UK companies in the Middle East oil and gas producing nations

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Oil Review Middle East weekly digest - 14th - 18th May 2017

public domain commons for ORME 307Here is a brief overview of the week's new on Oil Review Middle East, from 14th - 18th May 2017

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France to partner UAE to develop its energy sector

IMG 20170404 WA0016UAE and France jointly organised second UAE-France Oil and Gas Symposium in Abu Dhabi to explore opportunities in Oil and Gas industry and in energy sector

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OPEC takes part in latest successful instalment of Iran Oil, Gas, Refining and Petrochem exhibition

Entrance OPEC Headquarter ViennaOPEC took part in IR Iran’s International Oil, Gas, Refining, and Petrochemical Exhibition 2017, which concluded Tuesday 16 May in Tehran

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Oil and gas on the agenda for Equatorial Guinea and Saudi Arabia

b33950c4358715aaa8acea7b149611ddHydrocarbons are high on the agenda for the first-ever Equatorial Guinea-Saudi Arabia Economic Forum, which will take place on 10 May 2017

The forum, to be held in the Saudi Arabian city of Jeddah, has been organised by the Ministry of Mines and Hydrocarbons of Equatorial Guinea, with the participation of the Centurion Law Group and Africa Oil & Power. Equatorial Guinea's Minister of Mines and Hydrocarbons, Gabriel Mbanga Obiang Lima will give a presentation on important projects taking place in the petroleum sector. Identifying investment opportunities and bolstering trade ties between the two countries are the two main aims of the summit.

Agriculture and fisheries, two industries which rely heavily on access to energy, will also be discussed at the forum.

Equatorial Guinea is one of Africa's largest oil producers, with oil and gas exports central to the country's economic growth. The west African country has estimated oil reserves of 1.1bn barrels. While oil and gas production has declined in recent years, new discoveries have given the industry a boost. A final investment decision is expected soon on the Fortuna FLNG development, with the field estimated to hold around 1.3tcf in gas reserves. First gas is planned for 2020.

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