8th-10th May 2016 | Abu Dhabi, UAE
THE ANNUAL MEETING PLACE FOR THE MIDDLE EAST’S DOWNSTREAM INDUSTRY
In times when margins are tighter and we have to be more careful in how we are managing our Opex and Capex, there is much optimism in the Middle East downstream industry. The region, whilst experiencing the same tighter margins as the rest of the world is continuing to push ahead with downstream expansion projects such as the Al Zour refinery in Kuwait and the Liwa Plastics project in Oman.
Having been co-hosted by Abu Dhabi Oil Refining Company Takreer for the past 13 years, Abu Dhabi International Downstream is a carefully crafted refining and petrochemicals summit that provides you with an unparalleled platform to discuss market dynamics, highlight new projects and hear about all of the latest technologies which are shaping the refining and petrochemical complexes of the future and that will help the region remain competitive in a low oil price environment.
DOWNLOAD OUR LATEST REPORT FROM THE DOWNSTREAM INDUSTRY
THE FUTURE OF THE MIDDLE EAST DOWNSTREAM SECTOR
The steady decline in world crude oil prices from their highs of above $110 per barrel in mid – 2014, to the sub – $40 level – at the end of 2015 – is providing the Middle East’s downstream sector with an almost unprecedented opportunity to expand.
For decades, much of the focus within the region has been on the upstream oil and gas sector. But now, attention is turning to refined oil products and petrochemicals as the ability to benefit from better profit margins as cheaper feedstock becomes more evident.
Those Middle East oil companies that years ago had the foresight to invest heavily in the downstream sector, now find their decisions vindicated. In 2015, they were able to gain some partial relief from the collapse in crude oil revenue, through higher downstream margins.