What is MERTC
The inaugural MERTC Annual Meeting is run by the World Refining Association and comes at a time when, like many of their GCC neighbours, Bahrain is unlocking and bolstering opportunities in its downstream sector to create more value. Over recent years, investment in refining has accounted for more than 60% of Bahrain’s total export revenues. nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA) recently announced a multi-bank facility to support investment into a number of large scale oil and gas projects in Bahrain, including BAPCO’s Modernisation Programme, which will enable the production of low diesel fuels.
Bapco’s expanded refinery will allow for Bahrain to compete with similar export orientated facilities in the region including SATORP, Yasref and Takreer’s Ruwais. Bahrain’s Saudi neighbours who for years have been developing their downstream capabilities show no signs of slowing down. Aramco is currently studying a possible expansion of the country’s largest oil refinery, Ras Tanura, which has a capacity of 550,000 barrels a day. This comes as part of the company’s strategy to strike a better balance between its upstream capacity of 12 million barrels of crude oil per day and its 5.4 million barrels refining capacity.
Saudi Aramco’s vision for the creation of a world leading downstream sector in the Kingdom revolves around an ambitious plan to raise their total global refining capacity by almost double to between 8 to 10 million barrels per day.
Despite the positive investment prospects, the reality of “lower for longer” means a greater need to create value through these challenging times. The region’s operators must compensate for its loss of feedstock competitiveness and capitalized margins by improving yields and becoming more sustainable. As such, technology, collaboration, innovation and R&D become e more paramount.
Across three days, MERTC professionals with both their peers and leading technology and service providers across a variety of event formats conducive for knowledge sharing and networking. Exclusive seminars, high level market keynotes, regional project updates, as well as the latest in process and technology advancements will make MERTC the Middle East’s premier platform to gain cutting edge insights and showcase innovations.
We facilitate knowledge sharing and nurturing of business partnerships within the oil and gas sector. We do so by providing face-to-face opportunities to network including conferences, exhibitions and networking evenings; independent analysis and creation of industry reports and webinars. We create events that matter.
World Refining Association
Clarion Events Ltd
69-79 Fulham High Street, London,
SW6 3JW, UK
Tel: +971 (0)55 307 3332