Abu Dhabi’s upstream oil sector shifts gears subtly « The Barrel Blog:
"The 2014 edition of the Abu Dhabi International Petroleum Exhibition and Conference, held in the UAE capital last month, was the largest yet for the upstream oil and gas gathering, drawing more than 70,000 visitors in a testament to the continued importance of the Persian Gulf region to global oil supply.
Yet, with crude prices falling, change was in the wind, suffusing the gathering with a palpable air of uncertainty.
Abu Dhabi, the emirate that produces more than 95% of the UAE’s crude, has stood out as one of the few jurisdictions in the Gulf region to have maintained partnerships with international oil companies throughout the decades since oil was first discovered in the neighborhood. That is a large part of the reason why the region’s largest regular upstream petroleum sector gathering is held in Abu Dhabi, rather than, say, in Dhahran."
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