Dana Gas sponsors and participates in 'Petchem Arabia'

With a low cost feedstock and an envious geographical location between Western and Eastern petrochemical markets, the Middle East is seen as the world's most attractive location for petrochemical assets, and thus most open to problems that the growing industry may bring.

Focusing on these issues will be 'Petchem Arabia', an International Conference for the Middle East's Petrochemical Sector to be held this week, in which Dana Gas - the Gulf's first private sector gas company - will sponsor and participate through a special stand.

'Several meetings, conferences, and exhibitions are taking place during this period that is related to the gas, oil and petrochemical sector. We, at Dana Gas, see the benefits of participating in such events that seek to find new ways of collaboration and understanding between firms and their governments, as they contribute to the overall productivity of this vital sector and consolidate its progress', said Mr. Rashid Saif Al- Jarwan, General Manager of Dana Gas.

'Petchem Arabia' is organized by 'World Refining Associates' (WRA). It will discuss a number of key issues and challenges at the heart of the Middle East's petrochemical sector, including strategies for continued regional growth and the penetration of new international markets. Discussing the region's cost competitiveness in the global market place, attracting overseas partners and addressing the increasing problems surrounding the issue of rising costs, the event is also renowned for creating interactive networking opportunities and securing executive speaker panels and agendas that the sector demands.

This year's Petchem Arabia is guaranteed to be no exception, bringing together key petrochemical players operating in the region, and providing the opportunity to hear cutting edge presentations and network with key people from the industry.

'2006 was a fruitful year for Dana Gas in terms of expansion, increase in activities and signing of new agreements. We are continually looking for ways that will allow for our company to progress and prosper. Entering the petrochemical world is one of our main aims, thus participating at such an event is an important step that will play a significant role in our activities in this sector', added Al- Jarwan.