OIL & GAS Ӏ SECTOR REPORT


oILING THE WAY


Oil and gas still dominate our energy supplies, and the Middle East is a primary source. Julian Champkin reports


Fossil fuels, whatever we may wish, have not yet been phased out; and it does not seem that they are going to be phased out any time soon.


Exploration and extraction are still major industries, attracting investment and effort – and lifting machinery. It remains a global enterprise but the focus of it, psychologically and in dollar terms, remains the Middle East. As evidence of the above,


consider the recent mergers, expansions and joint ventures in


Handover of Liebherr mobile cranes to Al Faris


the sector, and in the region – which are plentiful. In May this year UAE-based


heavy lift and transport company Al Faris, for example, signed a long-term contract with Saudi Total Petroleum Products. The undertaking is to supply a complete range of products for ensuring reliable and smooth operation of the oil company’s state-of-the-art fleet of mobile cranes, crawler cranes, generators, forklifts and compressors. Al Faris is expanding also in


UAE; indeed, Kieve Pinto, the company's executive director, has emphasised the symbiosis between the company’s long-term expansion in UAE and the oil and gas sector. As he said in May, “The milestones the company has achieved over the past three decades have been in parallel to the major hydrocarbons and infrastructure developments witnessed in the country.” Today, Al Faris has the


largest fleet of cranes and heavy equipment in the Middle East.


34 CRANES TODAY


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