Eritrea to Participate at the Red Sea Oil & Gas 2015 Summit in Dubai

Understanding Eritrea’s potential as one of the most unexplored countries in the world
HIGH PROFILE SUMMIT. Teklehamanot Debretsion, Head of Energy and Hydrocarbons at the Eritrean Ministry of Energy & Mines will deliver keynote speech and presentation representing Eritrea under the title “Understanding Eritrea’s potential as one of the most unexplored countries in the world”

By IRN Oil & Gas,

INTERNATIONAL Research Networks (IRN) – a business information group and organiser of senior level summits and high-profile business events – announced the Red Sea Oil & Gas Summit 2015 from 23-24 February 2015  in Dubai. The group organizes summits in the four key areas: Oil & Gas, Security, Infrastructure & Construction, and Commodity Trading.

Among the guest speakers will be Teklehamanot Debretsion, Head of Energy and Hydrocarbons, Ministry of Energy & Mines of Eritrea. Eritrea’s presentation is titled, “Understanding Eritrea’s potential as one of the most unexplored countries in the world”.

According to summit organizers, Eritrea is one of the most unexplored yet promising areas left in the world, having a government to be strongly encouraging investments from foreign oil companies, with a recently rebuild infrastructure, new economic strategies, and the Eritrean Red Sea to have the classic features of oil richness and existing oil seeps on the islands of the Dahlak archipelago, and along the coast.

The summit is said to provide exclusive industry insights into the investment, exploration, production and infrastructure landscape in the Red Sea including Eritrea, Egypt, Sudan, Yemen, Saudi Arabia, and Jordan. On the first day of the summit each of the countries will be introduced by a keynote address.

The Red Sea Basin has proven to be rich in hydrocarbons and represents a major transit point between Asia, Europe and Africa. The prospect of multiple offshore fields combined with the development of major onshore processing hubs is attracting more and more international companies looking for opportunities on the Red Sea region, organizers said.

The province encompasses the Red Sea, Gulf of Suez, Gulf of Aqaba, and adjacent coastal areas, a total area of about 486,000 very promising square kilometers.

Under the guidance of a strong advisory committee, composed by Governmental officials, senior level executives from international and national oil companies along with experienced academics, the Red Sea Oil & Gas 2015 Summit will address questions, the geological landscape onshore and offshore the region, upcoming projects, latest strategies and regulations of a highly promising land.

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About Red Sea Oil & Gas 2015 Summit, 23-24 February 2015 | Dubai

The Red Sea Oil & Gas 2015 Summit, taking place in Dubai, will be a high profile meeting providing exclusive industry insights into the investment, exploration, production and infrastructure landscape in the Red Sea including Egypt, Sudan, Eritrea, Yemen, Saudi Arabia, and Jordan.

The Red Sea Basin has proven to be rich in hydrocarbons and represents a major transit point between Asia, Europe and Africa. The prospect of multiple offshore fields combined with the development of major onshore processing hubs is attracting more and more international companies looking for opportunities on the Red Sea region. The province encompasses the Red Sea, Gulf of Suez, Gulf of Aqaba, and adjacent coastal areas, a total area of about 486,000 very promising square kilometers.

Under the guidance of a strong advisory committee, composed by Governmental officials, senior level executives from international and national oil companies along with experienced academics, the Red Sea Oil & Gas 2015 Summit will address questions, the geological landscape onshore and offshore the region, upcoming projects, latest strategies and regulations of a highly promising land. This platform of discussion and exchange will allow you to better understand how to get involved in this oil-rich region.

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EDITOR’S NOTE: African Economic Outlook 2014 report forecasts there are geological studies that have confirmed the presence of oil and natural-gas reserves in commercial quantities in Eritrea and in the medium term, the country sees further prospects in oil production, fisheries and tourism.