Baku to host international exhibition "Oil and gas, oil refining and Caspian oil and gas" tomorrow

Baku to host international exhibition "Oil and gas, oil refining and Caspian oil and gas" tomorrow

Azerbaijan, Baku, June 1 / Trend , E.Ismayilov/

Despite the global financial crisis, the number of new participants of the annual 16th international exhibition "Oil and gas, oil refining and Caspian oil and gas" increased by 22 percent, Director of the ITE Group PLC for the Caspian region Edward Stroon said.

"Annually, the number of new companies, participating at this conference, has been increased by 10 percent. However, despite the global economic crisis, there number has increased by 22 percent this year. About 80 new companies will participate at this year's exhibition. The new companies are mainly from China, Russia, Turkey and Germany," Stroon added.

A total of 300 companies from 22 countries will partake at this year's exhibition.

The international exhibition starts on June 2. The Industry and Energy Ministry and the SOCAR render official support to the exhibition.

The project is also involves partner companies - ITE Group PLC - Iteca Caspian LLC (Azerbaijan), ITE LLC Moscow (Russia), EUF (Turkey), GIMA (Germany), ITE China (China), ITE Gulf (United Arab Emirates), which attract international companies to the exhibition.

New companies will cover 20 percent of the total area of exposition. Over 40 percent will be covered by global companies, including BP, Itochu, OMV Gas International GmbH, SOCAR, StatoilHydro ASA, Total and TPAO.

A traditional 16th international oil and gas conference starts on June 3-4. The conference will be attended by 450 delegates from 23 countries. Rapporteurs of the conference include ministers from Azerbaijan, Turkey, Iran, Kazakhstan, as well as officials from ministries and state organizations from the United States, Russia, Germany and Great Britain.

Azerbaijan is very important for Europe as oil and gas supplier. A range of alternative proposals on transport of oil and gas from the region, as well as prospects for transportation of Caspian energy resources to world market are included into the agenda of the second day of the conference.

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