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ITF, the oil and gas industry’s technology facilitator, has announced it will launch a new base in the Middle East, as part of plans to attract new members and increase awareness of its global technology funding programme.
A new regional manager has also been appointed - Ryan McPherson will take charge of the new Abu Dhabi office, which is due to open in April, in a bid to raise awareness of the organisation in the Middle East and boost membership.
"ITF already has some valuable member companies from these regions including Aramco Services Company (subsidiary of Saudi Aramco), TAQA, Kuwait Oil Company (KOC), Petronas and Woodside,” said McPherson.
“However, in order to meet the global industry's growing technology needs we feel it is vital that we have on-the-ground representation in these important oil-producing regions," he added.
Neil Poxon, managing director of ITF said, "Establishing a permanent presence in the Middle East will enable us to achieve our ambitions of securing a further £50m of investment from members to launch 40 joint industry projects per year by 2015, ultimately bringing game-changing technologies into the field."