The UAE Singapore Business Council is pleased to present our third Annual Flagship Oil, Petrochemical and Logistics (OPL) event which will be in an online format again this year. The OPL sector represents the most important component of the UAE economy. UAE is estimated to hold the seventh largest proven oil and natural gas reserves. It is also the fourth largest producer of petroleum liquids in OPEC exporting 4 million barrels of oil per day.
We are fortunate to feature at the event a distinguished line-up of speakers representing key industry leaders namely, ADNOC, Borouge, Emirates National Oil Company (ENOC), First Abu Dhabi Bank (FAB) and Horizon Terminals. Additionally, for the first time this year, we will have a special focus on the Fujairah Oil Industry Zone (FOIZ).
The Emirate of Fujairah sits outside the Straits of Hormuz on the Indian Ocean and a major shipping route handling around one-third of the world's waterborne oil. FOIZ holds the Middle East’s largest commercial storage capacity for refined oil and gas products. In addition to finding out about FOIZ, attendees will also be able to hear from Singapore companies who have successfully setup in Fujairah.
We trust that the UAESBC’s Oil, Petrochemical and Logistics Seminar will benefit Singapore companies who are, or may be, interested in pursuing opportunities in this major sector. They can also learn from the experiences of fellow Singapore-based companies on the benefits of setting up a foothold in Fujairah.