Monday, 19 September 2011

gulfnews : Chinese firms aim to cash in on Adnoc's expansion drive

The Arab Oil and Gas Show saw a proliferation of Chinese exhibitors looking to capitalise on a spill-over of contracts for the planned $5 billion (Dh18.3 billion) investment by Abu Dhabi National Oil Company (Adnoc) to raise output capacity by 2016.

"It is clear that there are massive development plans in the Gulf, particularly in the UAE, Saudi Arabia, Qatar and Iraq," said Hadi Shuka, business development manager at Dolphin Heat Transfer, one of the exhibitors at the show which opened yesterday.

"For these plans to materialise there has to be massive investment in various technology, equipment and services in the energy sector. The Arab Oil and Gas show provides an excellent platform for us to help address this demand as the dedicated trade show will enable us ot establish contacts and introduce our company and our products to potential customers in the region," Shuka said.

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