Posted on March 07, 2011

His Excellency Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and Chairman of Tasweeq inaugurated the 15th Annual Condensate & Naphtha Forum held at the Grand Hyatt Hotel, Doha on March 7-8, 2011.

HE Minister Mohammed Saleh Al-Sada

The Forum titled ‘Condensate & Naphtha Markets: Supply/Demand, Pricing & Utilization Outlook’ is organised by The Conference Connection Group (CCG) and hosted by Qatar International Petroleum Marketing Company Ltd (Tasweeq).

Keynote Addresses for the Forum were presented by Mr. Saad Al-Kuwari, CEO, Tasweeq; Mr. Andy Brown, Executive Vice President & Managing Director Pearl-GTL,  Qatar Shell GTL; Mr. Keizo Torii, Managing Executive Officer, COO, Marubeni Corporation with a special address by Mr. Saeed Al-Marri, Head of Product Sales, Qatargas Operating Company Limited.

Mr. Al-Kuwari’s address on ‘Qatar Condensate & Naphtha Export opportunities’ concentrated on the Qatar’s annual Condensate and Naphtha export projections from 2010-2015 and Tasweeq’s growing global footprint. He also updated the delegates on Qatar’s Energy sector with introduction to Tasweeq and other facilities of Qatar.

A premier platform for producers, sellers and buyers of Condensate and Naphtha, the Forum will discuss key issues and challenges facing the future of the industry. With Qatar set to become the one of the biggest exporter in the region, Middle East condensate supply is set to double in volume by 2015 due to massive investments in gas developments. This condensate supply expansion over the next five years is likely to result in new condensate splitting capacity being built. Asia Pacific naphtha demand is also expected to pick up over the next five years. China’s consumption drive coupled with its planned ethylene plants will bring Asia Pacific demand for naphtha to new heights.

The importance of the Forum for Qatar is underscored by the support and sponsorship for the conference by Tasweeq, Qatar Petroleum, RasGas, Qatargas and Oryx GTL as key sponsors, in addition to making key presentations. Wide participation is also expected from these and other Qatar -based companies, to take advantage of the presence of more 150 international participants expected.

Key speakers from reputed organisations from the Energy Industry address critical issues such as:

  • Review of Existing and New Condensate Supply from the Middle East & other global locations
  • Condensate Refining Issues
  • Trends in the Global Naphtha Market and Demand/Supply Trends
  • Outlook for Condensate Pricing and Opportunities in Pricing Volatilities
  • LPG Demand, Supply and Pricing Scenarios
  • Feedstock Flexibility for Petchem Producers
  • Correlation of Oil Prices & the Petrochemical Sector

In line with the hospitality extended to the delegates visiting Qatar, Tasweeq organised the ‘Tasweeq Golf Challenge’ at the Doha Golf Club on March 6, 2011. Delegates will also be given the opportunity to go on a site visit to the Ras Laffan Industrial City (RLIC) and the Qatar Gas Refinery on March 8, 2011 sponsored by Qatar Gas Refinery. The RLIC is located about 80 kilometres from Qatar’s North Field, which is the world’s largest single non-associated gas field with approximately 900 trillion cubic feet of proven reserves.