MEDW-Middle East Downstream Week 2012

DISCOVER the economics of the refining industry. UNDERSTAND the imperative of product diversification. RESHAPE your refining business model. GAIN INSIGHT into international regulations and their impact. FIND OUT about the role of technology in increase yields. DEFINE your strategy for a smart refinery. JOIN MEDW 2012.

The results acknowledged the current internal crisis affecting the industry but demonstrated that the Middle East is still seen as a relatively prosperous refining market, thanks to its crude availability and continuous efforts to modernise facilities.

However, bottom low margins, oversupply, difficulties in sourcing investments and the overall financial crisis are constantly threatening productivity and forcing oil and gas companies to rethink their business model to swiftly adapt to today’s outlook.

The shift towards a much needed transformation – either through vertical integration of refineries and petrochemical plants or through the exit from the downstream sector of few oil majors – is proving challenging for international and national companies.

Nevertheless, the market still offers a variety of growing opportunities for pioneering companies that dare to embrace the change, welcome international partners and invest in innovation, process optimisation and advanced technology.

The Middle East Downstream Week 2012 will give voice to those who can set an example in the industry and contribute to further shape a successful and sustainable Middle East downstream market.