Executive Conference

Oil

Asia & Middle East Refining: Racing ahead of demand?

Asia and the Middle East combined constitute more than 75% of global oil demand growth. However, refined product supply is growing rapidly, driven by oil product and petrochemical demand and even export market opportunities. Adding to this is another wave of large capacity projects expected in the Middle East. Are these refinery capacity additions needed, particularly in view of vehicle fuel policies and long-term demand trends? Is it a strategy to survive or a path to extinct? What is the winning formula?

Session Speakers
  • Premasish Das

    IHS Markit

    Senior Director, Energy

  • B. Ashok

    Ratnagiri Refinery and Petrochemicals Limited

    Chief Executive Officer