JEDDAH: ARAB NEWS
Wednesday 31 October 2012
Last Update 30 October 2012 11:56 pm
Internationally acclaimed experts from across the oil and gas sector will be addressing the challenges and opportunities in the Iraqi market at major event planned in Basra.
The Basra Oil & Gas International Exhibition & Conference will take place at Basra International Fair Ground from Dec. 6 to 9.
Speakers from Weatherford, Gulf Energy, South Oil Company (SOC) and Penspen will put forward their views on technology, health and safety, laws and regulations, petrochemicals and many other topics related to the conference theme "Iraq: The Hub of Future Energy."
Industry veteran, Falah Al-Kahawaja, ex-director general of State Company for Oil Project, will manage the conference, bringing his wealth and experience of Iraq's growing influence to the event.
Conference Director Falah Al-Kahawaja said: "This conference provides an unrivalled opportunity for the oil and gas industry to understand more about Iraq and the expectations for the future. It is a complex market to navigate, and we want to provide a platform that gives local, regional and international companies interested in doing business in Iraq somewhere to share knowledge, experience and insight."
With proven oil reserves of around 143 billion barrels, Iraq is the third biggest oil market in the world. With a total of 79 fields, only 23 of these are currently producing, signifying significant potential for the upcoming years.
The Basra Oil & Gas International Exhibition & Conference is now in its third consecutive year, having doubled in size year-on-year, as access to Iraq's lucrative market becomes increasingly of interest for global oil and gas companies.
The exhibition will host over 400 companies, showcasing the very latest products and technologies from the market.
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