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Shaikh Mohammed inaugurating the EMET exhibition

Region poised to grow as hub for ethylene industry: Minister

MANAMA, February 13, 2019

The Middle East region is poised to grow as a hub for the ethylene industry because of its ability to provide raw materials at a competitive price, Bahrain’s Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa said.
 
Inaugurating the third Ethylene Middle East Technology Conference and Exhibition (EMET), Shaikh Mohammed said the Arabian Gulf region holds a prime position in the world of petrochemical industry as it is the main supplier of ethylene in the world. 
 
He stressed that the best way to identify profitable ways of taking advantage of the ethylene market is to understand the trends and impending shifts in the dynamics of this important industry.
 
The minister emphasised the importance of sustainability in the bio-petrochemical sector, which plays a key role in achieving global competitive advantage by attracting skills and manpower. 
 
As well as meeting the requirements and expectations of customers that undoubtedly contribute to reducing costs, the minister stressed that sustainability is the only way to ensure the continuity of success and prosperity. 
 
The conference held under the slogan "Enhancing competitiveness through energy efficiency, cost effectiveness and reliability assets and human capital" is organised by the Middle East Energy Events Company in cooperation and coordination with the National Oil and Gas Authority (Noga) and with the support from a number of local, regional and international companies and over 1,000 participants including experts, engineers, executives, institutes and related specialised universities.
 
The minister expressed his appreciation for the efforts, the positive support and the keen interest provided by the government under the leadership of His Majesty the King, for supporting such global events.
 
The accompanying exhibition which had more than 1,000 participants from 20 countries across the world, included a distinct programme through which scientific research and practical experiments were presented and discussed by global speakers, executives, and senior officials of oil companies and other related firms. 
 
The conference included topics about the competitive landscape, the changing petrochemical sector in the GCC countries, the importance of operational excellence, crude oil to chemicals technology, linear programming techniques and other important topics. -- Tradearabia News Service
 



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