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Qatar’s Minister of Energy to open 9th GPCA Annual Forum

: Monday, May 19 - 2014 @ 16:42

His Excellency Dr. Mohammed Saleh Abdulla Al- Sada, Minister of Energy and Industry of Qatar, will inaugurate this year’s Gulf Petrochemicals & Chemicals Association (GPCA) Annual Forum in November, confirmed GPCA today. The Forum, GPCA’s flagship event is the leading networking event for the petrochemicals and chemicals industry in the Arabian Gulf region.

“As a series of multi- billion dollar projects are announced and unveiled, Qatar’s downstream sector has emerged as a dynamic industry,” said Dr. Abdulwahab Al- Sadoun, Secretary General, GPCA. “The participation of the His Excellency Dr. Al Sada will offer a unique insight into the strategies involved in creating economic environments that encourage the growth of the petrochemicals industry.”

Qatar currently operates a petrochemical portfolio consisting of 19 million tons of capacity, earning up to US$11.5 billion in revenues, producing diverse products like fertilizers, plastic and fine chemicals.

Khalid Al-Falih, Chief Executive Officer of Saudi Aramco, is set to deliver the keynote address, marking his return at the Annual Forum. Notable speakers at the 2014 Annual Forum, now in its ninth edition, include Patrick Pouyanné, President of Refining & Chemicals at Total; Dr. Jean-Lou Chameau, President of Saudi Arabia’s King Abdullah University of Science and Technology (KAUST); Patrick Thomas, Chief Executive Officer of Bayer Material Science AG and Nikhil Meswani, Executive Director of the Board of Reliance Industries Limited.

“The participation of leaders from every facet of the energy sector is a testament to the growing importance of the petrochemicals industry,” continued Dr. Al- Sadoun. “The Annual Forum will be the place to hear global insights on where the petrochemicals sector stands today, and what the future holds for the GCC’s downstream industry.”

The GCC petrochemicals industry as a whole, meanwhile, grew 2% in 2013 compared with the previous year, generating sales revenue close to US$82 billion. Analysts have predicted that the emergence of low cost hydrocarbons in the United States may drive competition between chemical producers from North America and the GCC, for markets in Europe and Asia.

“As an industry, we must be reactive to ever changing markets,” concluded Dr. Sadoun. “Evolving our products and processes that are flexible and reactive to global market conditions will be the key to sustained growth.”

Previous inaugural speakers at the GPCA Annual Forums have included His Royal Highness Prince Abdulaziz bin Salman Bin Abdulaziz, Saudi Arabia’s Deputy Minister of Petroleum and Mineral Resources; Dr. Rashid Bin Fahad, UAE Minster of Environment & Water and H.E. Ali bin Ibrahim Al-Naimi, Saudi Minister of Petroleum and Mineral Resources.

Introduced in 2006, the Annual Forum is the GPCA’s flagship event. Last year’s conference hosted 1,900 international industry executives from 40 countries.

Held on the theme of “Innovation: The Strategic Direction of the Chemical Industry – What’s Next?” the ninth Annual Forum will be held from November 23- 25 in Dubai. For more information, please visit www.gpcaforum.net

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Monday, May 19- 2014 @ 16:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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