Langpros at ADIPEC – ABU DHABI PETROLEUM EXHBITION

Oil and the UAE economy

As it’s widely known, oil and gas represent one of the core elements of the UAE national economy.

Since the opening of the first oil fields in the 60’s, this economic sector has completely replaced such traditional activities as pearl fishing, date palm plantations, and fishery – radically changing the destiny of the country.

Oil revenues have been “fueling” a booming economy, boosting the rapid development of infrastructures and society, and incredibly improving the living standard of the UAE citizens. It’s not by chance that Dubai has become one of the greatest business hubs in the world and a symbol of luxury and modernism.

The United Arab Emirates possesses one of the largest shares of the world’s oil reserves (nearly 10% – and currently, about 68 million barrels of “black gold” is annually produced in Dubai) and this sector accounts for the majority of the exports, also attracting a wide number of foreign investors.

Langpros at Abu Dhabi International Petroleum Exhibition and Conference
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) is the world’s most influential Oil and Gas event, bringing together oil and gas professionals from all over the world.

That’s where Langpros comes into play.