Adipec 2022 'generated $8.2bn in business for supply chain'

The energy industry event brought in $200m in value to the UAE

Visitors at the Abu Dhabi International Petroleum Exhibition and Conference, which is being held in the UAE capital. Chris Whiteoak / The National

Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and managing director and group chief executive of Adnoc, said the world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt. Photo: Adipec

Dr Al Jaber called for 'maximum' energy with 'minimium' emissions to ensure global energy security. Photo: Adipec

Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Executive Office, is given a briefing at one of the exhibition stands at Adipec, during a tour with Dr Al Jaber. Photo: Abu Dhabi Media Office

Sheikh Khaled is greeted by an executive at one of the stands at Adipec. Photo: Abu Dhabi Media Office

Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, inaugurated the energy conference. Photo: Abu Dhabi Media Office

Sheikh Mansour with other sheikhs and officials at Adipec. Photo: Abu Dhabi Media Office

US presidential co-ordinator Amos Hochstein speaks during the opening ceremony at Adipec 2022. Chris Whiteoak / The National

Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom and the UAE will be 'exemplary' hydrocarbon producers while also achieving all their sustainability goals. Chris Whiteoak / The National

UAE Minister of Energy and Infrastructure Suhail Al Mazrouei said the Emirates and the Opec+ are 'keen on' meeting global energy requirements. Chris Whiteoak / The National

Tarek El Molla, Egypt's Minister for Petroleum and Mineral Resources, speaks during a panel discussion. Chris Whiteoak / The National

Indian Energy Minister Hardeep Singh Puri makes a point during the panel discussion. Chris Whiteoak / The National

Upstream energy investment in 2021 was depressed for a second consecutive year at $341 billion — about 25 per cent below 2019 levels. Chris Whiteoak / The National

Musadik Masood Malik, Pakistan's Minister of State for Petroleum, with Belinda Balluku, Albania's Deputy Prime Minister and Minister of Infrastructure and Energy, speak on the topic 'Geopolitics of Today: How the Energy Industry is Navigating Through Change' at the Adipec 2022 conference in Adnec, Abu Dhabi. Chris Whiteoak / The National

Nicolas Terraz, member of the executive committee, president of exploration and production at Total Energies, addresses a panel discussion on 'Transitioning to New Energy Supply and Demand Needs: a Look into the Future' at Adipec 2022. Chris Whiteoak / The National

Tengku Muhammad Taufik, president and chief executive of Petronas, during a panel discussion on 'The New Business and Energy Portfolio Model: Managing Geopolitical Uncertainty and the Energy Transition' at Adipec 2022. Chris Whiteoak / The National

Professor Dr Klaus-Dieter Maubach, chief executive of Uniper, at a panel discussion on the topic 'Transitioning to New Energy Supply and Demand Needs: A Look into the Future' at Adipec 2022. Chris Whiteoak / The National

Haytham Al Ghais, Secretary General of Opec, during OPRC's World Outlook 2022 at Adipec 2022. Chris Whiteoak / The National

Delegates at Adipec 2022. Chris Whiteoak / The National

Adipec 2022 draws industry representation from across the world to Adnec in Abu Dhabi. Chris Whiteoak / The National

The Abu Dhabi International Petroleum Exhibition and Conference (Adipec) generated an estimated $8.2 billion in business for exhibiting companies, a survey conducted across the 2,200 exhibitors has revealed.

The event hosted more than 40 ministers and 38 company heads, with a record attendance of more than 160,000 attendees from 164 countries, with 41 per cent coming from abroad as it addressed critical issues facing the energy sector.

It brought in $200 million in value to the UAE through sectors including tourism and hospitality, it said.

"Adipec 2022 set out the need for a bold and realistic energy transition, an approach that is both pro-climate and pro-growth if we are to successfully chart a future of energy that is secure, sustainable, and affordable," said Tayba Al Hashemi, Adnoc Sour Gas chief executive and chair of Adipec 2022.

"The positive impact of the event is not only felt here, in Abu Dhabi and the UAE, but by the global energy industry and governments, who continue to turn up in larger and larger numbers each year."

Among the significant deals at Adipec 2022 was the signing of a historic agreement between the UAE and the US to catalyse $100 billion of investment in renewable energies and clean technologies in the UAE, US and emerging economies around the world by 2035.

Adipec 2023 will take place in Abu Dhabi from October 2-5, about a month before the UAE hosts the Cop28 climate summit.

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More Adipec coverage:

• How Adipec has transitioned from oil and gas to 'maximum energy, minimum emissions'
• World set to lose 5 million barrels of oil per day if investment stops
• Europe a 'few years' away from overcoming energy deficit, OMV chief says