(MENAFN- Emirates News Agency (WAM)) As countries around the world reach critical capacity levels in oil storage, international industry leaders will meet here this month to debate the increasingly critical issue of global oil storage and its impact on the Middle East oil and gas industry.
The third edition of Tank World Expo, the world's leading industry congress for oil, gas and energy storage, will take place at the Dubai World Trade Centre from 13th -14th April.
It will bring together more than 100 solution providers and 80 expert speakers to an audience in excess of 2,500 at a crucial moment for the entire oil and natural gas sector.
Supported by the UAE Ministry of Energy, the conference will feature a strong line-up of speakers including Dr. Matar Hamed Al Neyadi, Under-Secretary, UAE Ministry of Energy, Mohamed Daoud, Manager, Projects Quality, ADCO, Edwin Lammers, Executive Commercial Manager of the SOHAR Port and Freezone, Christopher Amstutz, Director, Tanks, Terminals and Transportation, Emerson, Hendrik Schaake, Business Development Manager at Endress+Hauser and many others.
The effects of oil prices falling to as low as US$44 per barrel have been significant for the oil storage industry. With traders increasingly seeking out storage in order to sell at a profit when the prices rebound, the limits of global tank capacity are reaching critical levels.
The key relationship between the price of oil and the capacity to store it, will be a key topic on the congress's agenda. As the industry is looking for new solutions to storage challenges, new infrastructure investments and more unconventional methods such as floating storage, take centre stage.
Now in its third year, Tank World Expo plays a crucial role in the development ofthe MiddleEast as a global storage hub. The event provides a chance for investors and industry experts from around the world to discover regional infrastructure growth plans and facilitate business in the region in an ever more globalised industry.
It also provides Middle eastern Terminal operators the opportunity to see the latest technologies from Europe, US and Asia that can help improve the efficiency, profitability and safety of their facilities.
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