ECONOMY
XVI INTERNATIONAL CASPIAN OIL, GAS, REFINING AND PETROCHEMICALS’ EXHIBITION AND CONFERENCE TO BE HELD IN BAKU
Baku, May 4 (AZERTAC). The traditional oil and gas exhibition and conference in the Caspian region, ‘Caspian Oil and Gas Exhibition Incorporating Refining and Petrochemicals’ will be held here, on June 2-5.
The Ministry of Industry and Energy and the State Oil Company of the Azerbaijan Republic (SOCAR) provide official support. The exhibition is organized by the ITE Group and its partner in the Caucasus, Iteca Caspian, together with the Chamber of Commerce and Industry of the Azerbaijan Republic.
Ministers and ambassadors of different countries, also the leaders of companies and holdings will attend the event. More than 400 companies from 30 countries will participate there. There are a large number of new companies appearing for the first time in the Azerbaijani market and this year they account for 20 per cent of the total exhibition area. More than 40 per cent will be occupied by major global brands from the energy sector. These include SOCAR, BP, Itochu, OMV Gas International GmbH, StatoilHydro ASA, Total, TPAO and many others. National groups from China, Germany and Russia will also be represented this year. Belgium national stand will be represented for the first time. The International Bank of Azerbaijan is the event’s platinum sponsor, SOCAR is the gold sponsor. The other sponsors are EGL, OMV Gas and Power Gmbh, BP, Bank of Tokyo-Mitsubishi, BNHF (Baku Nobel Heritage Fund), Caspian Geophysical, Cross Caspian Oil and Gas Logistics LLC, EON Ruhrgas AG, RWE Dea, Salans, Statoilhydro, TAP (Trans Adriatic Pipeline), Total and Volgaburmash.
Cross Caspian Oil & Gas Logistics, Azmeco Azerbaijan Metanol, Azerenergi JSC, Azerchimya State Company, BP Azerbaijan, Azerpipe JSC, Azfen, Azel, Ekol Engineering Services, Alkan Ltd – and many more other local companies will also attend the event.
More than 250 companies from 22 different countries have already registered to take part in the Caspian Oil and Gas Exhibition, including companies from the Czech Republic, France, Georgia, the USA, Germany, Great Britain, India, Switzerland, Iran, Italy, Japan, Austria, Kazakhstan, Norway, Russia, Turkey, The UAE, Ukraine and etc.
The exhibition is complemented by the 16th International Conference ‘Caspian Oil and Gas Exhibition Incorporating Refining and Petrochemicals’ which will be held from 3rd to 4th June in the Hyatt Regency Hotel conference centre. Over 500 delegates from more than 30 countries are expected to attend.
The conference will discuss different proposals on the transport of Azerbaijani gas and oil and the prospects for pipelines to transport Caspian energy resources to the world market and prospects for surveying and extracting in the Azerbaijani sector of the Caspian Sea and for investment in the oil and gas sector of Azerbaijan.
Azerbaijan is very important for Europe as a supplier of oil and gas. The second day of the conference will be devoted entirely to diversification of Energy Supplies to Europe.