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Officials at the event

Qatar petroleum summit draws over 5,000 experts

DOHA, December 9, 2015

More than 5,000 oil and gas professionals from over 450 companies and 50 countries are participating in the ongoing International Petroleum Technology Conference (IPTC), in Doha, Qatar.

IPTC is one of the largest multi-society, multi-disciplinary oil and gas events in the Eastern hemisphere, said the event organisers.
 
The event will conclude today (December 9) at the Qatar National Convention Centre.

In his opening address, Sheikh Abdulla bin Nasser bin Khalifa Al Thani, Prime Minister and Interior Minister, said: "Qatar is still on track to optimise its natural resources to meet global demand, despite the new price structure in the energy markets. Any fluctuation that is not linked to supply and demand will not be in the interests of producers or consumers in the long term."

Professional attending the event will gain valuable insights from high-profile industry leaders, and will also get the latest updates from a comprehensive technical programme with over 230 papers discussed, which were carefully selected from over 1,500 submissions.

The participants will also experience a showcase of advanced technology and innovations at the event’s exhibition, said the organisers.

Minister of Energy and Industry Dr Mohammed bin Saleh Al Sada said: “The world today needs to maximise the utilisation of modern and new technologies to reduce capital and operational expenditure.”
 
Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum, said: “The petroleum sector has and will always be an international industry that affects and is affected by all economical and political turmoil."

"It requires a massive and continuous investment and steady advancement in technology. Our projects always need a longer time to start showing substantial return in investment,” he added.

The event is being held under the theme ‘Technology and Partnerships for a Sustainable Energy Future.’- TradeArabia News Service




Tags: Qatar | Experts |

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