The role of the Middle East in the global oil market and impact of OPEC production cuts will be at the heart of conference discussions at this year’s StocExpo Middle East Africa, taking place at the Dubai World Trade Centre on 26 and 27 April 2017
With global oil prices hovering around US$55 per barrel, a significant amount of U.S. shale production has come back on stream, blunting the impact of coordinated production cuts agreed by OPEC members in November last year. A number of expert speakers at this year’s event will be considering where oil prices are heading, and what impact this will have on the role of the Middle East in global oil supplies – particularly the continued status of Saudi Arabia as a swing producer.
Bulk liquid storage is an industry with an inherent degree of risk, with incidents such as the Tianjin disaster a reminder that safety remains a key focus area in many emerging markets. Dr. Waddah Ghanem Al Hashmi, Executive Director for EHSSQ and Corporate Affairs at ENOC will be presenting a case study on the work that ENOC and Horizon Terminals have been doing in order to improve resilience in terminals.
Nick Powell, Divisional Director, StocExpo Middle East Africa, commented: “It will be interesting to see what the experts say about the future state of the Middle East market. We have already had an overwhelming response to this year’s conference line-up, with delegates quick to book their seats in the conference theatre. We urge anyone looking to attend the conference to book soon so as not to miss out.”
