Downstream industry strategy focus for summit
Abu Dhabi, February 1, 2012
Benefits that can be achieved in the downstream industry through diversification strategies, integrations plans and key business improvements during times of financial unrest will be highlighted at an upcoming summit in Abu Dhabi.
The World Refining Association (WRA) has announced that the Middle East Downstream Week (MEDW) 2012 will be held at the Beach Rotana Hotel from March 25 to 28.
Preceding the conference will be Axen’s complimentary Middle East Seminar on Refining and Petrochemical Technology.
The seminar will provide downstream operators with an in-depth understanding of the practical and daily challenges faced at refineries and petrochemical plants. In addition, it will highlight the efficient use of technology to facilitate productive development, along with ways to meet market demand.
“MEDW 2012 is once again Axen's partner of choice for their Middle East downstream seminar. This partnership considerably strengthens MEDW’s credibility in the region. Furthermore, it is the ideal conference to discuss the status of the industry in an organic and holistic way,” said Arianna Neri, project director, MEDW.
“The concerns of various stakeholders from industries that include refining, fuel, marketing, integrated refining/petrochemicals, technology providers and others will all be addressed in detail and a comprehensive strategy to efficiently and effectively ensure regional and global downstream success will be defined.”
Day one of the conference will provide attendees with a comprehensive analysis on the latest technologies available to help develop smart refineries.
Speakers will discuss the need for innovation and the importance of research and development in order to develop more efficient and profitable refineries.
Downstream industry leaders, experts and professionals will convene on day two of the conference to highlight and implement the various strategies necessary to build a successful downstream industry.
Speakers will explore the regions advantage in crude availability along with how to subsequently implement modern technology to become a global leader in the refining industry, and what measures companies can take today to meet the increasing demand of energy in the Middle East region.
In addition, a series of roundtable discussions will be held to discuss: catalyst innovation; project execution; and research and development.
On the final day, the Abu Dhabi oil refining company Takreer will provide a limited number of participants access to its Ruwais Refinery Project for a private tour. The $10 billion project aims to increase Takreer’s refining capacity by 417,000 barrels per day and almost double its production of transportation.
Jasem Ali Al Sayegh, CEO, Takreer, said: “We are proud to announce our role as co-hosts of MEDW for the fifth consecutive year. We understand the significance of a strategic platform for regional and international downstream experts.”
“This conference is the perfect place to gather, discuss and debate with industry professionals and leaders who have the future of the Middle East’s refining industry in mind.”
The WRA and Honeywell Process Solutions, will bring together global progressive thinking executives to participate in the by invitation-only 2012 Global Petroleum Executives Summit.
Topics of discussion at this summit will include solutions for achieving top quartile business performance, reducing risk and increasing efficiency in implementing world-class mega projects and embracing nationalization targets, among others. – TradeArabia News Service