Doha: Despite rapid diversification of the Gulf Cooperation Council (GCC) economies, the oil and gas sectors will remain vital to the future success of the region, according to Dolphin Energy Limited, the Abu Dhabi-headquartered company which focuses on supplying natural gas to utility companies and energy companies in the UAE and Oman.
Speaking of the pivotal future role of the oil and gas sectors, Ibrahim Ahmed Al Ansari, Dolphin Energy's Executive Vice President Operations said: "They are fundamental to the current and future prosperity of the UAE and the GCC, even more critically so than the past".
"It is oil and gas income that drive principal government revenues, supports industrial, real estate and commercial expansion and underwrites the economies of each regional nation."
Dolphin Energy is the silver sponsor of the Excellence in Energy Awards 2005 which will be held on the lawns of the Doha Golf Club in Qatar on Wednesday, November 23.
"We value these awards, and not only as past winners in two categories of the honours," said Al Ansari. "They are important to the industry for one particular reason - they are not given by some faceless panel, but are the result of voting by many hundreds of readers, all members of the energy industry. It is the appreciation of our peers that is particularly motivational for all involved."
Al Ansari also said the Excellence in Energy Awards have built up a solid reputation in a short time.
"They give all of us in the upstream, midstream and downstream sectors of the industry an annual opportunity to publicly recognise the quality achievements of our peers", he said.
Voting in the Excellence in Energy Awards 2005 - the fifth in the annual series of the Middle East's yearly industry 'Oscars' - reached record level with a 40 per cent increase over last year. The awards are organised by Pipeline Magazine, the Pan Arab world's foremost monthly publication for the oil and gas sectors.
The awards this year feature 10 honours and cover a range of industry issues from health and safety to environment, from information technology to 'project of the year.'
© The Peninsula 2005
