ADNOC hosted a Middle East downstream industry roundtable on ‘The Glorious 10 Years Downstream, the Challenges and Opportunities, and the Promising Next Decade’, organised by Refining & Petrochemicals Middle East – the only downstream focused magazine in the region.
Refining & Petrochemicals Middle East completed its stellar publishing performance of a decade in May 2018. The roundtable was organised to commemorate the magazine’s 10th Anniversary. Refining & Petrochemicals Middle East has emerged as the authoritative voice of the region’s downstream industry, and is recognised for its independent views and knowledge of the region.
The roundtable was attended by Hassan Al Hosani, manager, Refining Operations Department, ADNOC; Essam Al Sheibani, operations advisor, Duqm Refinery; Khalid Bin Hadi, senior executive vice president, Oil, Gas & Petrochemicals, Siemens Middle East; Holger Stolpmann, general manager, W.L. Gore & Associates GmbH Middle East; Adriano Gentilucci, commercial director – IMEA, Dow Oil, Gas and Mining; Angie Slavens, managing director, UniverSUL Consulting; Hans-Henrik Poulsen, commercial director, Arabian Peninsula, and managing director, BASF Middle East Chemicals; Murali Mandi, general manager – EMEA, Honeywell Connected Plant, Honeywell Process Solutions; Abhay Bhargava, business head – MEA, Industrial Practice, Frost & Sullivan; Vinod Raghothamarao, director consulting, Energy Wide Perspectives, IHS Markit; and Martin Menachery, editor, Refining & Petrochemicals Middle East.
Chaired and moderated by Menachery and co-chaired by Raghothamarao, the roundtable discussed the themes of ‘Glorious Past 10 Years of the Middle East Downstream Industry’, ‘Current Challenges and Opportunities’, and ‘Promising Next Decade’, in three separate sessions.
The Middle East refining and petrochemicals manufacturing industry made impressive development during the past ten years. Under the leadership of dynamic technocrats, the industry witnessed implementation of landmark projects, development of game-changing technologies and creation of novel products. The right combination of people, projects, processes and products was the catalyst for the success of the downstream industry during the past decade.
As the industry strives to become a major force in the global downstream landscape, there is tremendous pressure to transform its operational strategies. The essential ingredients in this transformation will be the right people, projects, processes and products.
“We understand that we had a very glorious ten years of downstream business, and the next ten years ahead of us will be very challenging and very competitive. Our key priorities will be operational excellence, digitisation and profitability. We need to be highly profitable to stay in the market and we need to adopt a lot of elements in the operational excellence area,” observed Al Sheibani.
“This is an exciting time for the downstream industry. The industry will play a significant role in the Middle East economy’s diversification and driving sustainable long-term goals for stronger economies. There are several fundamentals we have to get right, such as digitalising our electrification and automation processes. Digitalising the entire value chain maximises profit and unlocks potential,” commented Bin Hadi.
“Across the entire GCC, there is a need to be profitable and to compete with the rest of the world. There are good efforts that are being made, and the one thing that still needs to be considered is the utilisation of the best available technology that can save money and bring up efficiency. That is one of the things technology providers and other service companies have to do,” remarked Stolpmann.
“The roundtable was interesting for two things – the first is the diversity of participants. We met operators, vendors, business owners and consultants. This mix of experience is actually what one would look for in a roundtable. The second is that, we all could come into an agreement on how we see the future. It is very clear that in the future we need to concentrate on profitability, securing markets, good partnerships and digitalisation,” concluded Al Hosani.
Check out the following video to know what each participant has to say about the roundtable organised by Refining & Petrochemicals Middle East on ‘The Glorious 10 Years Downstream, the Challenges and Opportunities, and the Promising Next Decade’.