The fact that ADNEC plays host to such a prestigious exhibition underscores both the venue's and the emirate's stature as the perfect destination for large-scale international trade shows.' The show is internationally recognised as one of the most important petroleum industry events. Simon Horgan, CEO of ADNEC said: 'ADIPEC 2006 is an important event not only for the petroleum industry but also for the economy of Abu Dhabi. ADIPEC 2006 takes place in the midst of this intense activity.

The Middle East, which accounts for nearly 62 per cent of the world's proven oil reserves and boasts of some of the world's largest gas reserves, is currently seeing billions of dollars being pumped into increased production, product innovations, maintenance and research. This necessitates increased investments into drilling, production and refining capacities on one hand and into research and development of cost-effective and alternative technologies on the other. To meet this demand, the world's oil-producing countries will need to pump an additional 44 million barrels each and every day by 2025.

As per US Energy Information Agency projections, world demand for oil is expected to increase by 54 per cent in the first quarter of the 21st century. Rapid economic growth and development, particularly in Asia, has driven up global demand for oil. Organised by dmg world media, one of the region's leading event organisers, ADIPEC 2006 has assembled more than 1,200 exhibitors from 54 countries under the theme, 'Meeting the Increasing Oil and Gas Demand through Innovation.' The 12th edition of the Middle East's largest petroleum industry event, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2006) got underway at the Abu Dhabi National Exhibition Centre (ADNEC) in the UAE capital today (Sunday, November 5, 2006). ADIPEC 2006 gathers participation from over 54 countries to highlight Abu Dhabi's emergence as top exhibition destination

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