UAE minister highlights need for more investment in global oil and gas sector

oil rig Gina Dittmer publicdomain Oil Review AfricaKey discussions about the future of the global oil and gas sector will take place at this year's ADIPEC show. (Image source: Gina Dittmer/publicdomain)At a recent gathering in Abu Dhabi for members of the Middle East Petroleum Club (MEPC), senior officials highlighted that long-term investments and using the skillset and resources from within the global oil and gas industry will be the driving force for energy sector progress

The first edition of the 2016 MEPC Al Multaqa on 1 June gave event attendees a preview of the key issues that will be discussed at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

Al Mutaqa, the International Petroleum Investment Company (IPIC) sponsor of the MEPC reported on IPIC’s 30-year track record as a long-term investor and underlined key achievements of the IPIC Group portfolio companies.

Suhail Mohamed Al Mazrouei, managing director of IPIC and UAE minister of energy, said, “Over three decades, IPIC has invested in major energy and petrochemical assets across the world. Through its strategic local and international partnerships with leading entities such as ADNOC, IPIC has successfully positioned Abu Dhabi as the world’s fifth biggest producer in petrochemicals.”

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