Basra International Oil & Gas looks set to highlight Basra’s prominence within Iraq’s oil and gas sector as the southern Iraqi city gears up to host the fifth edition of the annual event
With proven reserves of more than 140bn barrels, Iraq has the third largest reserves in the world situated across 79 oil and gas fields. While only 23 of these fields are currently in production, Iraq has in recent years administered bids from international and national oil and gas companies to help develop these fields further.
Organised by Expotim International Fair Organization and Pyramids International Group, Basra International Oil & Gas has now entered its fifth consecutive year. The show is the largest oil and gas event of its kind in Iraq, having grown to become a staple of the country’s oil and gas calendar, attracting a range of regional and international companies, and providing a platform for local companies to assess the products and technologies available to them.
The fourth edition of Basra Oil & Gas Exhibition and Conference took place between 5-8 December 2013 at Basra International Fair Ground and featured more than 270 participants, as well as attracting 10,000 visitors from more than 35 countries, in turn making it the largest oil and gas sector event to take place in Iraq in 2013.
Since the first edition of the show in 2010, both the exhibition and supporting conference have contributed towards Basra’s growing reputation as ‘Iraq’s Oil Capital’.
The largest portion of participants at the 2013 edition of the show came from Iraq, the UAE, Turkey, Germany and Jordan, while a host of participants from the UK and the USA were also in attendance.
The event received the official support of Iraq’s Ministry of Oil and attracted a number of leading companies from across the global oil and gas industry, including Bertling, Cameron, China Petroleum Technology, CNPC, Emerson Process Management, ENI, FMC Technologies, Honeywell, Interpipe, Jotun, Mitsubishi, Petrojet, Rumalia, Sakr Power Generation, Scania, Shell, Siemens, Tenaris and Volvo.
Ministry of Oil companies, including South Oil Company, South Gas Company, Iraq Drilling Company and State Company for Oil Projects, also played a key role at the event by networking with representatives from private company in attendance and discussing the future of the country’s oil and gas sector.
Expotim revealed that more than 90 per cent of last year’s exhibitors were satisfied with the visitor profile of the event, while more than 80 per cent of exhibitors stated that they considered the exhibition to be truly efficient. Meanwhile, an impressive 95 per cent of participants at the fourth version of the event said they would be willing to participate in the fifth edition of the event in December 2014, which will look to provide an interactive business platform for senior-level decision-making buyers to network with more than 270 local and international professionals offering the latest technologies, solutions and products.