Singapore: More than 21 countries and 26 cities will be represented at the Condensate and Naphtha Forum in Singapore with the largest attendance from Singapore, Iran, the UAE, Japan and the US and Jordan and Peru as first time attendees. The Forum is an annual event first launched in 1996, bringing together condensate producers, buyers/sellers, leading traders and refiners of the niche product.
The 2015 Forum is held amidst uncertainty and market turmoil with the impact of low oil prices on leading producers, US condensate demand and naphtha export potential, and the resulting market dynamics in Asia, the Middle East, India and the European countries. The Forum will also provide continuing updates on the trends and movements of the condensate and naphtha markets.
Highlights of the Forum will be the outlook for the Iranian condensate market post sanctions, with critical changes in the Iran condensate scene. Presentations will highlight the path-breaking Siraf Refinery Project slated to be the world’s largest gas refinery complex, with half a million b/d of condensate production targeted. Key data on the Siraf project and previously not available, will include project information and future plans of leading Iranian condensate players. An Iranian Roundtable on November 13, the second fay Two of Forum sessions will also delve into the players, their ownership and operational structure of the Siraf Refinery Park. Wide attendance is expected from the Siraf Group.
More than fifteen (15) distinguished panel of speakers are expected to address the Forum, including industry experts, leading producers, oil majors, leading traders, refiners and consultants from the condensate & naphtha markets.
Dr. Fereidun Fesharaki, Chairman of FGE and Mr. Colin Shelley, Managing Consultant of FGE, will co-chair the Forum and provide overviews setting the scene for the Forum. Keynote Addresses are provided by Mr. Alireza Sadeghabadi, CEO & Deputy Chairman of Siraf Refineries Infrastructure Company and Mr Rusty Braziel, President, RBN Energy, USA. Ten (10) additional international speakers will address the Forum.
The Forum will be attended by more than 150 delegates and distinguished guests include HE Mr Ong Keng Yong, Ambassador-at-Large, Ministry of Foreign Affairs, and Executive Deputy Chairman, S. Rajaratnam School of International Studies, Singapore.
Dr. Fereidun Fesharaki, the conference co-chairman remarked, “Condensate markets face the most challenging environment. Large new supplies are emerging from Iran and Australia, but sanctions on Iran have not as yet allowed smooth marketing of Iranian condensate. 100% of Iran’s floating storage is made up of new condensate production. Meanwhile US condensate exports are “almost” open, but most of the streams do not match Asian quality requirements and need naphtha blending. With the removal of the sanctions and new condensate production from Iran, the challenge is to understand the condensate flows and what will be available for export and when? How will the market balance out?”
Dr Fesharaki further added “Naphtha markets are also poised for major changes. Volatility in petrochemical demand and increase supply of naphtha from splitters in Qatar & Iran – as well as Russia & US – are likely to exert serious pressure on the naphtha markets. These are key topics to be addressed at the Condensate & Naphtha Forum this year.”
The Forum continues to draw the elite of the global condensate and naphtha markets for knowledge sharing and networking. Last year’s forum in Doha showed a record attendance of nearly 300 delegates from 25 countries.
Since its launch, the Condensate & Naphtha Forum has enjoyed the patronage of national oil companies in gas producing regions including Emirates National Oil Company, Petronas, PTT Public Company Ltd, Pertamina, Qatar Petroleum, SKK Migas, and Tasweeq. Over its history, from its 1996-2014 time frame, the Forum has attracted an international audience from 110 cities and 45 countries.
For more information on the 19th Annual Condensate and Naphtha Forum, please visit http://www.condensateforum.com