Mac Engineering Fellow Canadian Director Feisal Hammude To Be Key Guest Note Speaker At Upcoming Abu Dhabi Energy Forum

Top Quote Feisal Hammude a Canadian based Business strategist, consultant, and Director representing Mac engineering will be key guest note speaker at the Abu Dhabi national Energy oil & Gas conference. Discussions will center around business opportunities, Building relationships, branding your business and sourcing opportunities abroad. End Quote
  • (1888PressRelease) April 22, 2014 - Mac Engineering Middle East Director Feisal Hammude will be a key guest note speaker at the upcoming Abu Dhabi Energy forum and conference on oil and gas industry. Discussions will center around the opportunities of North American oil and gas companies gaining a foothold in the local marketplace through joint ventures and distributorship agreements. Increasing business between Canada and the UAE has made available an opportunity to export our technology and services to the region.

    Increasing business between Iraq and UAE
    The Abu Dhabi Chamber of Commerce and Industry is the official Platinum Sponsor for this event and the Chairman, His Excellency Mohamed Thani Murshed Ghannam Al Rumaithi, is also a keynote speaker.

    The event furthermore has the official support of the Embassy of the Republic of Iraq Abu Dhabi. The Vice Chairman of the IBCAD, Mr Auday Almoman, says: "We are proud to be hosting the first event of its kind with The Energy Exchange in Abu Dhabi, UAE. It is very important for Iraq to involve UAE based national and international companies in the rebuilding of Iraq given their vast experience and know-how."

    He explains that Iraq Energy 2013/2014 will contribute to smoothing the way for foreign investors as "many high-level Iraqi officials from various sectors will be involved in this event which will provide confidence for many to work and invest in Iraq."

    Mr Almoman continues: "Iraq has signed service contracts with many IOCs and requires experienced companies, investors and professionals to execute the huge scope of work." He deems the UAE as most qualified, also being the regional headquarters of several well-renowned national and international contractors and service providers.

    Increasing opportunities
    Iraq Energy 2013/14 event Director, Jinanda Sheth, says Iraq has seen tremendous progress in the development of its oil and gas sector since 2003. She adds: "The past 2 years alone have witnessed the agreement for the $17.2 billion gas flaring project and the fourth licensing bid round which led to a further three blocks being awarded."

    Fast tracking forward, says Sheth, it is widely anticipated that Iraq will invest around $200 billion in its upstream oil and gas sector in the next six years, "which is on top of $20 billion earmarked for its downstream sector, where investment is expected to start with its refinery and petrochemical facilities. Such downstream investments would turn Iraq into a major player in the international trade of petrochemical and refined products."

    She continues: "as IOCs continue to gain momentum with their projects and ramp up activities on the ground, there are now even more opportunities for investment partners and support services to get involved."

    UAE oil and gas hub
    According to Sheth, UAE-based companies have featured heavily in the rebuilding of Iraq's oil and gas sector in recent years. She explains: "Abu Dhabi and Dubai based companies have established the UAE as an oil and gas hub with exceptional readily available products and services that Iraq can easily access."

    In 2010, Etihad, Abu Dhabi's national airline became the first UAE operator to establish flights to the Iraqi capital; an important step reflecting a commitment from the UAE to strengthen ties with Iraq. More recently, Dubai's Emirates airline has increased weekly flights from 4 to 7. Jinanda Sheth says January 2012 saw the re-establishment in Abu Dhabi of the Ministry of Foreign Affairs-led initiative, known as the 'Iraq - UAE Joint Committee Meeting'. "All positive indications that there are big business and future mutual opportunities between Iraq and the UAE.

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