“We are planning to deploy our considerable resources to position ourselves to capture market opportunities on the way down and on the inevitable way up.”
Sheikh Nawaf Saud Nasir Al Sabah, deputy managing director and general counsel of Kuwait Petroleum Corporation speaks in bullish tones at the recent Wharton Global Forum in Dubai.
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“The arrogance of contractors has had to disappear.”
Amana Pipelines managing director Nabil Helou reveals the changes being made in his sector amid the financial crisis.
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“We continue to be on the course of providing the market with safe, reliable and environment-conscious tonnage.”
Gulf Energy Marine CEO Ahmed Essa Hareb Al Falahi is in a confident mood having taken delivery of the first of six new vessels.
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“It hasn’t come to the Middle East yet, but the number of idle rigs without work is certainly on the rise.”
Rina Samsudin, senior Middle East analyst at ODS-Petrodata, suggests bad news could be on the horizon.
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“We were expecting the downturn, and have taken measures that won’t affect our plans for the future.”
Qatar Petrochemical Company (QAPCO) general manager Dr Mohamed Yousuf Al-Mulla reveals positive forward planning can overcome even the worst of economic downturns.
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“The UAE is a heavy consumer of electricity and we are constantly seeking ways to reduce this consumption.”
Ali bin Towaih, executive director of Enpark, outlines the importance of energy conversation, as his firm launches a solar lamp project in Dubai.
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“The simple fact is you have to use pipes and pipelines for oil, gas and of course for water, all of which are crucial to everyday life.”
Proclad Group CEO Yaseen Jaffer underlines the importance of pipes as the reason they will be credit crunch proof in the coming months.
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Compiled by Peter Ward
