Middle East oil producing countries will invest US$525 billion on energy projects from next year to 2016
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed November 9, 2011 10:59 am

UAE. With strong demand for upstream oil and gas projects, power generation, and desalination, key markets in the UAE, Saudi Arabia, Qatar and Kuwait are driving growth for the multi-billion dollar turbo Machinery & pumps industry, despite setbacks in other regions due to the worldwide slowdown.

Middle Eastern and North African oil producing countries will invest US$525 billion on energy projects from next year to 2016. Nations such as Saudi Arabia, the UAE, Iran and Algeria have increased spending on energy projects for the next five years as current high oil prices are allowing them to resume projects that were delayed because of to the financial crisis, the Arab Petroleum Investments Corp said.

Saudi Arabia will top the list with committed investments of US$141 billion, followed by the UAE that is planning to invest $76 billion in that period, according to Apicorp.

The MIDDLE EAST TURBOMACHINERY & PUMPS EXPO (METPE) the First of its Kind conference to be held in UAE has announced six instructional workshops for engineers and other technical professionals in the gas turbine & Pumps field. The workshops to be held on June 9th and 10th of 2011, at the Al Raha Beach Hotel, Abu Dhabi.

The event will provide hands-on training for professionals seeking to broaden their knowledge and proficiency in various gas turbine & Pumps topics, including maintenance and repair. The training will take place in conjunction with METPE EXPO in Jun 2112.

The titles of the workshops for turbines are INTRODUCTION TO GAS TURBINES , VIBRATIONS & PROBLEMS IN TURBO MACHINERY-; LATERAL ROTORDYNAMICS OF PETROCHEMICAL EQUIPMENT, TURBO COMPRESSOR PERFORMANCE AND COMPONENT CONDITION MONITORING; MAGNETIC BEARING IN TURBO MACHINEY-,PREVENTIVE MAINTAINENCE & for the Pumps Workshop the topics are ELECTRONIC DATA EXCHANGE IN PUMPS; HIGH PRESSURE PUMPS- CETRIFUGAL VERSUS RECIPROCATING CONSIDERATIONS; SUBMERSIBLE PUMPS,ALIGNMENT AND VIBRATION FUNDAMENTALS, POSITIVE DISPLACEMENTS –ROTARY PUMPS;& MECHANICAL SEALS- VERSUS SEAL LESS PUMPS.

The courses will be taught by experts from leading companies and research organizations includes Ali N. Salhi, Chairman –Oil and Gas council, Kirkuk - Iraq, Dr. Mohammad O. Hamdan Assistant Professor Mechanical Engineering Department, United Arab Emirates University, Riti Singh, Professor, Emeritus Gas Turbine Engineering, School Of Engineering, Cranfield University, Ken Wigley Head of Industrial Development, Emirates Nuclear Energy Corporation; Prof Longin K Minani, Head of Mechanical Engineering Dept, Kigali Institute of Sciences and Technology; Lev Nelik, Ph.D., P.E., APICS, President / Technical Director, Pumping Machinery, LLC Atlanta, USA; Dr. Chris Carmody, Special Products Manager, AESSEAL, Gustav Radloff Managing Director, Energy Cybernetics & Luis San Andrés ASME Fellow, STLE Fellow, Mast-Childs Tribology Professor, Turbo machinery Laboratory, Texas A&M University have all confirmed to shed their expertise to the dignitaries attending the event METPE 2012.

The event will bring together engineers and researchers from around the world to discuss recent technology advancements in engine design, materials, operations and maintenance, noise reduction, alternative fuels, combustion diagnostics, and micro-turbines, among many other topics.

Organized by Arabian Reach in association with the Kirkuk Energy council, Iraq. The conference will support the exchange of information focused on improving the design, manufacture, operation and maintenance, and environmental impact of gas turbines, turbo-machinery, Pumps, Valves and related equipment.

The Turbo Machinery, pump and valve manufacturers and service providers are snuggling up to their lucrative Middle East customer base. In view to the above strong facts, we are organizing this conference in the heart of the Middle East and inviting all the companies and senior professionals those are involved in to the turbo machinery & pumps supply chain; said Raj Menon, General Manager, Arabian Reach FZ LLC, the Host of the event.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
date:Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
date:Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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