March 2011 ITU
- Table of Contents
- Full Issue in PDF
- Small Businesses Urged to Grow through Exporting
- For a Small Pennsylvania Company, Department of Commerce Program Helps Guarantee an International Sale
- New Agreement and Bilateral Talks Signal Continued Growth of U.S.–Turkish Commercial Ties
- Short Takes
- Trade Calendar
- Featured Trade Event: Eurasian Oil and Gas Suppliers Trade Mission
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Featured Trade Event: Eurasian Oil and Gas Suppliers Trade Mission
Almaty, Kazakhstan, with the Trans-Ili Alatau mountain range in the background. (photo © Hazlan Abdul Hakim/iStock)
June 20–24, 2011
Almaty, Kazakhstan, and Ankara and Istanbul, Turkey
A senior official of the Department of Commerce will lead this five-day trade mission, which is targeted at U.S. firms that specialize in a variety of sectors in the oil and gas industry. Those sectors include drilling equipment; turbines, compressors, and pumps for pipeline applications; measurement and process control equipment; monitoring and control systems; engineering and industrial construction; and exploration, drilling, production, and processing equipment and services.
Both countries offer many opportunities for U.S. suppliers. Kazakhstan has the Caspian Sea region’s largest recoverable crude oil reserves and accounts for approximately two-thirds of the roughly 1.8 million barrels per day (bpd) currently being produced in the region. Existing oil extraction sites offshore in the North Caspian Sea, combined with onshore fields currently under development, make Kazakhstan a potentially major near-term oil exporter. Its oil production has already reached 1.4 million bpd, with daily output expected to total 2.6 million bpd by 2015. As a result, foreign investors are increasing their focus on Kazakhstan’s energy infrastructure, including oil transportation routes such as the Baku–Tbilisi–Ceyhan pipeline.
Turkey, the world’s 17th-largest economy, is a major consumer of oil and gas. Although oil and gas produced in Turkey currently meets only a small fraction of the country’s demand, there are significant prospects offshore in the Black Sea, as well as onshore in the Thrace region and in the east and southeast. In 2009, $716 million was spent for oil and gas exploration and production in Turkey. As of today, only 20 percent of onshore prospects and 1 percent of offshore prospects have been explored.
Participants in the trade mission will benefit from customized onsite services and opportunities, including briefings from commercial staff members at the U.S. embassies, one-on-one prescreened business appointments, site visits, and business networking events with senior government officials and industry decision-makers.
The cost to participate is $4,585 for large firms and $3,160 for small and medium-sized firms (with 500 employees or fewer). There is a $450 fee for each additional company representative, regardless of company size. Mission participants are responsible for travel, lodging, most meals, and incidentals. Applications must be received by April 15, 2011. For more information about the trade mission, visit its Web page or contact Jessica Arnold of the USFCS, tel.: (202) 482-2026; e-mail: jessica.arnold@trade.gov.
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