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The GCC is the only region that continued to growby Arabian Oil & Gas Staff on Dec 6, 2016
What do you expect this year at ADIPEC given the current oil prices?
We find it a great opportunity to network with our clients and to reinforce our understanding of what is happening in the industry. We are a global player, but we also have a large focus here on the Middle East. Within the region, we have seen a lot of activities over the last few years despite the downturn in the sector. This year alone, for example, we have secured $1.5bn worth of order intake within the oil and gas sector.
We work for all of the major national oil companies as well as all of the major international oil companies that are present here within the region.
How did the dip in oil prices impact your operations?
In fact, our operations have continued to grow. About 12,000 of our Middle East-base staff are in the oil and gas business. This is a new all-time high for us in terms of presence in the region. Our revenues are continuing to grow within the oil and gas in the Middle East.