Monthly Newsletter 2012
Table of Contents

World National Oil Companies Congress
London, UK | June 18-22, 2012

The Bilateral US-Arab Chamber of Commerce (BUSACC) is pleased to announce the 6th annual World National Oil Companies Congress. BUSACC’s Chairman of the Board, David L. Phillips, will moderate the Middle East Gas Symposium.

WNOCC is where leaders of the world’s NOCs meet each other and their partners to debate and decide the future of the oil and gas business.

The oil conference provides a critical platform to create and develop the partnerships necessary to secure success in an uncertain and volatile world. It tackles the big issues – from the E&P challenges of frontier, deep-water and unconventional oil and gas, to the enormous investment requirements in both upstream and downstream projects and the challenges of investing and expanding abroad.

For more information and to register, please click here.

Global Business Academy: Conducting Business in the Middle East & North Africa
Sandy Springs, GA | June 22, 2012 | 8:30 AM - 12:00 PM

The Bilateral US-Arab Chamber of Commerce is pleased to announce the Global Business Academy: Conducting Business in the Middle East & North Africa. This event will take place in Sandy Springs, GA on June 22 from 8:30 AM – 12:00 PM.

Mr. Duaine A. Priestley, representing BUSACC, will serve as a panelist to summarize key opportunities in the Middle East.

A conference for those interested in conducting business with the MENA region, this practical workshop will address questions about how to develop and maintain fruitful relationships with MENA business partners. The distinguished panel of experts will address the multiple dimensions of business partnerships, including legal and cultural issues.

For more information and to register, please click here.

2012 TEACH Fellowship

The Bilateral US-Arab Chamber of Commerce is hosting the 5th annual educator trip from June 8 - June 15, 2012, to the Kingdom of Bahrain and State of Qatar to raise awareness, understanding, and cooperation between educators in the United States and the Middle East. Teachers Educating Across Cultures in Harmony TEACH is a program aimed at cross cultural exchanges and increased knowledge between educators in the United States and the Arab World.

For more information about TEACH, please click here.

Program Highlights

Leadership Series: Roundtable Update on Libya & Yemen

The Bilateral US-Arab Chamber of Commerce was pleased to host Mr. Barak Barfi, who provided a political and economic briefing on Libya and Yemen. Mr. Barfi addressed the challenges and current outlook for both countries followed by a Q&A session.

Among the attendees were notable company executives from ExxonMobil, GDF Suez, Bracewell & Giuliani LLP and UPS. This program is an annual series of briefings that BUSACC organizes to update its members about the most recent developments in the MENA region.

Join the Bilateral US-Arab Chamber of Commerce

The Bilateral US-Arab Chamber of Commerce (BUSACC) is a private business association that serves as a conduit to create strategic connections between prominent U.S. and Middle East/North Africa (MENA) private sector enterprises, government officials, trade development agencies, and academic institutions.

As a member of our organization, you will receive:

  • Discounted admission to SME workshops, CEO and Ambassador series events, networking events and receptions and our Annual OTC MENA Welcome Reception
  • Ability to participate in trade missions to the MENA region
  • Opportunities to market your business along with your service and product lines to targeted audiences at Bilateral events via select sponsorship opportunities

For more information about membership, please click here or call our office at 713-880-8168.

News
Agriculture
Efficiency key to meet food demand: FAO
Oman to discuss growth opportunities in fisheries
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Construction and Real Estate
Mideast needs more hospitals, schools
Expats allowed to buy land and extend properties in Oman
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Economy
Qatar takes $2.4 billion Siemens stake, plans Tunisia refinery
GCC union needs political will
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Education
Experts push for creation of national research institute
TAMU - Qatar graduates 87 engineers
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Energy
Maersk committed to boosting Al Shaheen Field recovery
"Kuwait as world's oil capital" being studied – Minster
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Finance
Arab wealth spring: MENA residents get richer year-on-year
Saudi poised for big per capita income growth
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Health
Philips announces new long-term partnership with Sidra Medical Center in Qatar
Dubai to develop medical tourism initiative
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Industry
Tasnee, Sahara Petrochemical secure $1.36 billion loan for three factories
Siemens gas turbine plant breaks ground, will facilitate training
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Telecoms
Jordan: Bid to boost growth in ICT
Saudi-linked Oger eyes $180 million Africa investment
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Tourism
Golf Clubs in UAE celebrate record month
Global tourism spending tips $1 trillion, up 3.8%
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Transport
New design method for better roads
Kuwait plans $6 billion airport expansion
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Utilities
Empower leads UAE district cooling industry with 38.6% market share: Frost & Sullivan report
Meeting Iraq’s Electricity needs: Baghdad’s newest power plant enters service with GE technology
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Member Spotlight

TAS Energy Awarded Contract for Largest Generation Storage Project in the United States

TAS Energy has been awarded a contract for the largest Generation Storage, a combination of Thermal Energy Storage (TES) and Turbine Inlet Chilling (TIC), project in the United States announced Craig Hurlbert, CEO of TAS Energy. The contract was awarded by Warren County Energy Partners (WCEP); a joint venture between Zachry Industrial, Inc. and Burns & McDonnell Engineering Company, Inc. WCEP was selected by Dominion as the EPC contractor for the Dominion Virginia Power Warren County Power Station and is expected to be operational in 2014. For more information about this award, please click here.

TAS Energy Receives Presidential "E" Star Award for Exports

TAS Energy was awarded the Presidential "E" Star Award for Exports by U.S. Department of Commerce Secretary John Bryson at the White House in Washington, D.C. on May 17, 2012. The “E” Star Awards are the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports. This is the second “E” Award that TAS Energy has received. For more information about this award, please click here.

Members in the News

Chevron Offers Golden Gate Bridge Past Peek

PricewaterhouseCoopers to Split its Regional Practice

Fulbright Elects Stewart as New Chair

Schlumberger, Baker Hughes Refine Fracking Techniques

Halliburton Gets $95M Gazprom Neft Contract In Iraq

ConocoPhillips Highlights Repositioning into a New Class of Investment at Annual Meeting of Stockholders

Jacobs Awarded Contract for Ma'aden's Umm Wu'al Phosphate Project in Saudi Arabia

OTC 2012 Highlights the Role of Oil Sector in Furthering the US-UAE Bilateral Trade

Oman Power and Water Opportunities

The Bilateral US-Arab Chamber of Commerce would like to spread the word and help identify a supplier of automated power and or water readers for a near-term opportunity in Oman! There are local companies ready to procure, and importation would be duty free under the U.S. - Oman Free Trade Agreement.

Please see below for background on Oman's power and water sectors, which are very professionally regulated and managed by the Oman Power and Water Procurement agency (OPWP), the Authority for Electricity Regulation (AER), and policy-setting Public Authority for Electricity and Water (PAEW).

For information about automated meter reading in Oman, please click here and here.

For information from the Oman Power & Water Summit, please click here.

For a presentation on Balancing the Demand & Supply of Electricity & Water in Oman, please click here.

For information about PAEW water management, please click here.

For more information, or to be connected to the local purchasers or regulators, please click here.

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