Wed, 29 Nov 2023

ABU DHABI, 1st October, 2023 (WAM) -- Standing as the European Union's second-largest manufacturer and eighth globally in terms of exports, Italy will be represented by a formidable contingent of 115 exhibitors at the upcoming Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2023), showcasing its leadership in the sector.

Spearheaded by the Italian Trade Agency (ITA) and bolstered by the Italian Ministry of Foreign Affairs and International Cooperation, the official Pavilion will spotlight the capabilities of 28 leading Italian companies in the field, further underscoring Italy's prowess in the global oil and gas arena.

The official Pavilion, playing host to 28 prominent companies, is meticulously organised by the Italian Trade Agency (ITA) with steadfast support from the Italian Ministry of Foreign Affairs and International Cooperation.

Notably, the demand for Italian oil and gas technologies in the UAE is on the rise, with imports exceeding 158 million in 2022, reflecting a substantial 10.5-percent increase. Impressively, during the first half of 2023 alone, this value has already surged past 87 million, reaffirming Italy's position as the second-largest global supplier in this thriving market.

Within the ADNEC, the venue hosting the global event, Italian ingenuity takes centre stage, showcasing an impressive array of offerings. This includes cutting-edge products such as oil-insulated electrical transformers, steam turbine generators, and subsea equipment, as well as an array of devices and services for tank remote control, energy management, fleet monitoring, high-quality valves, and electric submersible pumps.

Lorenzo Fanara, Ambassador of Italy to the UAE, said, "I am delighted to introduce Italy's participation in ADIPEC 2023 with an impressive delegation of companies. As we approach COP28, Italian companies are ready to contribute with cutting-edge technology and world-class expertise to the challenge of energy security, both in the UAE and worldwide. Italian companies lead the way in decarbonising energy production, increasing efficiency, and reducing emissions."

Amedeo Scarpa, Italian Trade Commissioner to the UAE, highlighted, "The enduring strength of the Italy-UAE trade relationship in the oil and gas industry, emphasising the potential for enhanced bilateral cooperation in the coming decades, is evident. Italy's substantial allocation of approximately 3.6 billion from the Italian National Recovery and Resilience Plan to bolster power generation supply chains underscores its commitment to driving innovation in the energy sector. Recognising the pivotal role of gas in managing the energy transition, Italy's investments in research and development, focusing on renewable energies, hydrogen adoption, and a zero-emission future, are poised to maintain the country's leadership across multiple energy sectors. Sustainability stands as a paramount agenda item for Italy and its companies, with a resounding commitment echoed by all exhibitors at ADIPEC 2023 under the motto 'Sustainability is Sustainab-ITALY,' especially this year in the country that will host COP28."

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