Emerging markets are looking to Abu Dhabi for guiding best practices on how to enhance their domestic refining industries and will use the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2014, one of the world's top three energy events, as a knowledge-sharing platform.
The ability of oil companies in emerging markets to effectively and efficiently use their resources is of critical importance, with recent studies showing that most energy demand will come from these economies.
According to a recent BP report, 95 per cent of global energy consumption growth is expected to come from emerging economies, with nearly all net demand oil growth coming from China, India, and the Middle East. By 2035, energy use in these economies is expected to be nearly 70 per cent higher than in 2012. Growth in oil and gas supply is expected to come primarily from the Middle East and the Americas.
The U.A.E. is among the world's top 10 oil producers and exporters, and with more than 95 per cent of the country's crude oil and gas produced in Abu Dhabi, the capital's leading role in meeting the world's energy needs is receiving international recognition.
ADIPEC 2014is witnessing increased global interest with more than 400 leading speakers, 1,800 exhibitors, and 60,000 thousand industry professionals from more than 200countries expected to participate in this year's event. These include both regional energy producers, such as the Kingdom of Saudi Arabia, and emerging hubs, such as China, India and Turkey.
The numbers show a continuous and significant growth from the 300 speakers, 1,362 exhibitors and 51,000 visitors last year, warranting an expansion of exhibition space from 35,000 to over 40,000 square meters at the Abu Dhabi National Exhibition Centre.
The U.A.E. is the world's second-largest exporter of petroleum by value, according to OPEC, thanks primarily to the Abu Dhabi National Oil Company (ADNOC).
Celebrating its 30th anniversary, ADIPEC 2014 will be held from 10-13 November 2014 under the theme of "Challenges and Opportunities for the Next 30 Years". ADIPEC 2014 is supported by the Ministry of Energy, Abu Dhabi National Oil Company (ADNOC), and the Abu Dhabi Chamber of Commerce and Industry (ADCCI).
Source: WAM