The Middle East has always been an important region for the tanker industry. Underpinned by strong oil prices, a recovering world economy and prospects of Iraqi reconstruction, the region is currently enjoying economic growth and increased activity. As the centre for OPEC oil production, numerous refineries and swelling chemical trades, the regional influence on world tanker markets is undisputed.
Dubai is a regional hub and is fast becoming a global shipping and business centre. In September 2003 Dubai hosted the annual meetings of IMF and the World Bank, and the government has revealed ambitious plans to attract shipping companies to its fast growing Dubai Maritime City. Several companies in the INTERTANKO membership have established a presence in the city, including operators, shipbrokers, agents and law firms, while the Dubai Dry Dock is already one of the world's largest ship repair yards.
The Dubai Tanker Event 2004 will provide delegates with analyses and updates on the world economy, energy and tanker markets and the regulatory framework surrounding the industry. INTERTANKO has invited high-ranking analysts, brokers and operators with hands-on experience and insights, who will share their views and forecasts that will assist industry leaders and executives in building a sound foundation for future business decisions.
The Dubai Tanker Event 2004 will, of course, include the INTERTANKO Annual General Meeting as well as Executive Committee and Council Meetings. It will also feature an exclusive industry exhibition and offer an outstanding opportunity to network and dialogue with the entire tanker community.