20-21 Oct, 2009 - Singapore, SINGAPORE
Swissotel Merchant Court Singapore
Swissotel Merchant Court Singapore
5th Asia Refining Presents Strategies to stay competitive amidst weak demand and Refining capacity expansion.
The global crude oil refining sector is undergoing structural changes. Tough times are projected, with Moody's forecasting declining demand. Refining Capacity Expansion continues to press refining margins down, thus affecting operational performance through 2009.
How effectively are Asian Refinersoptimizing energy and process efficiencies? CMT's 5th AsiaRefining plans to look at macro and micro determinants that define the competitiveness of the refiningbusiness.
In Asia, countries are still regulating fuel subsidies and domestic fuel prices, but volatility in global crude oil and product (gas oil, gasoline,naphthaetc.) prices are urging further deregulation. Besides, the demand for increased fuel specifications, tighterfuel specs restrictions and the pressure to reduceCO2 emissions continue to push for innovative options to improve performance.
Sustaining performance through operational excellence is key focus for refiners. To keep refineries’ costs low and increase refining margins, refineries have adopted new options such as switching from light sweet crude, reducing oil-processing rate to 80 - 90% of capacity as a counteracting measure against the reduced demand. To what extent have the refiners succeeded?
CMT's 5th Asia Refining will examine these key issues as well as other challenges faced by Asia's refiners and petrochemicals producers. More than 15 industry executives will gear up to provide comprehensive updates and case studies to help you manage crude oilprices, and strategize your operation & capacity expansion in Asia's refining and downstream sectors.
Attend CMT's 5th Asia Refining and gain key intelligence and insights into:
You will network with CEOs, MDs, Directors and Managers of:
- Refineries - Business Development - Marketing - Downstream Business
- Supply & Trading - Commercial Business of Int'l Oil Companies and NOCs
- Crude Oil traders, Petroleum Products Trading - Storage & Terminal Co.
- Additives & Catalysts Co. - Technologies & Solutions Providers - Euipments Suppliers
- EPC Co. - Consultants - Insurance, Project Financing Institutions
Mark your calendar to be at this premier gathering of key Refining professionals from across Asia and Middle East, and take this opportunity to network and forge lasting business opportunity.
Sign up with your team to enjoy attractive group discount. Register online @ www.cmtevents.com with your team.
Market Watch recently reported that the outlook for Asian oil refiners is now improving on a likely ramp-up in demand and slowing capacity expansion for the industry. This comes after a tough year for Asian refiners, caused by a sharp fall in margins.
Market Watch cited comments by Credit Suisse analysts who are saying that the global refining supply growth is “bottoming out”. They wrote, "Absolute demand has bottomed, and a rebound looks imminent."
While they argue the magnitude of the bounce-back was "debatable," they added, "Most of Asian capacity growth is in the bag” stating, “capacity growth [excluding Asia] could get delayed or pushed out again, especially if margins fall in [the second half of 2009]."
Daishin Securities analyst Jonathan Ahn, wrote in a recent report (that) “The oil refining market is projected to improve in 2010, when the burdens associated with facility expansion will be significantly eased,” echoed similar views.
He reported, "The production capacity of for oil refining facilities in the Asia-Pacific region surged to 802,000 barrels a day in 2008 and 1.5 million barrels a day in 2009, causing oil refining market conditions to deteriorate."
Ahn adds that capacity will “decrease substantially to 588,000 barrels a day to in 2010 and 846,000 barrels a day in 2011."
With Asia’s Refining sector moving towards recovery, attendance at the 5th Asia Refining in Singapore is essential for timely insights on strategizing to ride the wave of recovery!
Hear from Asia’s leading refiners and analysts at the conference on 20-21 Oct. 2009. Explore the 5th Asia Refining agenda to see who is speaking!
>>Confirm your participation for 5th Asia Refining by Clicking Here!<<
29 Sep, 2009
In a bid to meet demand downturn and surplus capacity challenges, refiners have been adopting operational excellence strategies and slashing capital expenditure as well as taking up government fuel subsidies for their Asia crude oil refining projects. These strategies employed by Asia's leading refiners to stay competitive in today's volatile marketplace, and prepare for the upturn in the near future will be highlighted at CMT's 5th Asia Refining in Singapore.
Singapore (PRWEB) August 26, 2009 -- These are tough times for refiners with crude oil refining projects. They are reeling from a double blow of a fall in product demand and surplus capacity as new refineries come on-stream. Understanding both macro and micro determinants defining the current and future competitiveness of the refining business in Asia, has never been more crucial.
Today, Asian refiners' priorities include implementing operational excellence strategies to increase refining margins, and adopting measures to counter reduced demand with options such as switching from light and sweet crude or reducing oil-processing rate to 80 - 90% of capacity or even taking up government fuel subsidies for their Asia crude oil refining projects.
What's in store for Asia refining sector in the near future? That is what 5th Asia Refining, which convenes in Singapore on 20-21 October 2009 will address in light of emerging optimism over the economic recovery spilling into the Asia refining sector. This optimism was bolstered by official data released in August, which reported China importing a record 19.63 million metric tons of crude oil in July. Further downstream, China's refinery runs also increased for the sixth consecutive month to a record 33.11 million tons.
Organised by Centre for Management Technology, 5th Asia Refining will provide clarity on key issues and challenges faced by Asia's refiners and petrochemicals producers. More than 15 top industry executives will share comprehensive market intelligence, review impact of government policies and fuel subsidies, evaluate operational excellence strategies and case studies of crude oil refining projects. More importantly, experts will also share their views on demand trends, its impact on production, and how they are preparing for the industry upturn.
The region's most prominent refining industry players, including Yang Weijun of Petrochina, Dr S.C. Sharma from India's Planning Commission, Dr. Ing. Evita H. Legowo, from Indonesia's Ministry of Energy and Mineral Resources and Cao Hoai Duong from Petrovietnam, will offer perspectives on fuel subsidies, strategies for achieving a competitive advantage in the downturn, and the impact of Asia's mega-refineries on the refining projects at 5th Asia Refining. The International Energy Agency will also provide their outlook for Asia's refining sector from 2009-2014.
Also on the agenda at 5th Asia Refining are sessions on:
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5th Asia Refining expects registrations from top refiners, regulators and petrochemical producers from Asia and around the world. Those keen to find out more on crude oil refining projects, operational excellence strategies, fuel subsidies, Asia Refiners and 5th Asia Refining in Singapore or enquire on media partnerships, exhibition space and / or sponsorship packages can contact Ms. Injleep at +65 6346 9113.
28 Aug, 2009
Dong Quat Refinery-Offshoretechnology.com
Vietnam made a splash in Asia Refining sector in early July when the Dong Quat Oil refinery (Vietnam’s first refinery) delivered its first batch of LPG and Gasoline to PetroVietnam Oil Corp. The Refinery turned out an additional 4,300 Cubic Meters of gasoline, 4,000 cubic meters of kerosene and 7,200 tonnes of LPG for the domestic market by 15 July.
As Vietnam celebrates the successful operation of her first refinery, which will operate at full capacity by August 2009, Petro Vietnam announced plans to enter into a joint venture with foreign investors to start work on the country’s third oil refinery by September 2009.
Petro Vietnam has not issued an official list of investors, but a representative said that interested companies include PETRONAS, IPIC and GS Group. The Prime Minister approved the project in September 2006, and the oil-rich southern coastal province of Ba Ria-Vung Tau was chosen as the site for the construction.
Asia’s leading Refiners and Regulators will meet at the 5th Asia Refining Congress in Singapore on 20-21 October 2009 to discuss key issues shaping the global refining business and the impact on Asia’s refining and petrochemical industry.
Mr. Cao Hoai Duong, a leading representative from PetroVietnam will be in Singapore sharing an update on “Vietnam – New Refinery Coming On-Stream, Status and Progress of Production” at the 5th Asia Refining Congress.
Those keen on confirming their participation at the 5th Asia Refining summit can >>CLICK HERE<< to access the registration page. For equiries on media partnerships, exhibition space and / or sponsorship packages >>CLICK HERE<< or contact Ms. Injleep at +65 6346 9113 or email her at injleep@cmtsp.com.sg.
21 Jul, 2009
China refined a record 31.19 million tonnes of crude oil in May, up 10.7 percent over the same month last year, according to the China Petroleum and Chemical Industry Association (CPCIA).
According to figures released by CPCIA on 22 June, China’s refined oil output, including gasoline, diesel and kerosene totaled 19.34 million tones. This is an increase of 16.7 percent over the same period last year.
Experts are attributing the production increases to surging demand as the Chinese economy rebounds from the slowdown. Sales of refined oil products have topped 18.32 million tones in May, and is up 2.3 percent from April.
In fact, Jiang Xinmin, an expert with China’s National Development and Reform Commission said in an interview with Xinhua, that "China's crude output and sales are expected to continue rising, to meet the demand from heavy industry in particular."
China will be a key country of focus at the upcoming 5th Asia Refining Congress, which convenes in Singapore on 20-21 October 2009.
Yang Weijun, Director of Refining & Petrochemical-Department of Planning & Engineering Institute, PETROCHINA is on the panel of experts sharing at the conference, and will deliver two critical speeches covering the regulatory environment and market demand shaping China’s refining sector.
Those keen on participating in the 5th Asia Refining Congress can >>CLICK HERE<< or email injleep@cmtsp.com.sg for more information.
24 Jun, 2009
