Refinery Expansion & Upgrading Interactive Technology Forum

Surpassing the upcoming challenges and responding swiftly to a highly volatile and susceptible market arena is actually the growing global concern for the refineries in the present time. The refineries have been on the profitable end due to the global shortage in refining capacities, thereby building on their net earnings. It is currently pulling in a profit of $30 for every barrel of oil that they use to produce gasoline (before taxes and other expenses). This is the highest profit seen since back in 2005 when Hurricane Katrina reeked havoc on the market. With refineries piling on their profits, the question arises, how much of it will be re invested in building new refineries to keep pace with the growing demand?.. The re-investment prospects appear slim as new refinery set ups are not only costly but call for a crucial investment due to increased time frame in cost recovery (ROI) especially when the market suffers from high degree fluctuations. On looking the current market dynamics and trends, it is imperative to explore the drivers and uncertainties behind capacity expansion, upgrading versus expansion and implications for future returns.

Hence, Fleming Gulf is duly proud to present Refinery Expansion & Upgrade Interactive Technology Forum in Doha Qatar, as a unique annual gathering that will bring together heads of refining from world’s leading oil and gas companies to address the key issues associated with current shortages and discover the latest strategies, solutions and technologies that can be implemented to ensure profitable operations and consistent performance for future expansion and upgrading of refineries.