GOIC to Host Workshop for Gulf Petrochemicals Manufacturers in London

Doha, August 20 (QNA) - The Gulf Organization for Industrial Consulting (GOIC) in cooperation with the IEC will organize a workshop under the theme of "Petrochemicals: Key Issues and Strategy" on August 26 and 27 in London. Through the workshop, GOIC aims to provide a platform for decision-makers in the Gulf petrochemicals sector to exchange ideas in order to face the challenges of the future. Participants, using their expertise in long-term planning, will be able to develop strategic options allowing the possibility of effectively developing the petrochemicals industry. This will further enhance the role of the GCC States in the global market and increase their contribution to the economic prosperity in the region. The workshop targets senior management and senior staff of the industrial sector in the GCC countries, as well as investors, senior advisers from the public and private sectors, and workers close to the decision making process in the petrochemicals and related industries. It comes during a strong revival period for petrochemical industry in the Gulf, evidenced by an increase in production from about 50 million tons in 2004 to more than 100 million metric tons now. GCC states are planning to increase their share of petrochemicals production in the global market, up to 25 percent in 2025, but face many challenges in this regard. Over two days, the workshop will shed light on the Gulf petrochemicals sector where GOIC will provide an overview of the industry in the region. The sessions will then address the plenary topics of strategic energy issues, raw materials, demand for petrochemicals, in addition to major regional issues related to refineries. A major source of petrochemicals based on the successful investing of steam cracking rising from raw materials will be discussed during the workshop, which will also touch on advantages and disadvantages of the main petrochemicals production from other sources. The lecturers at the workshop will address the strategic advantage of gas, the main role of basic blocks in petrochemicals, in addition to presentation of the key issues that affect the demand for their main derivatives. Sessions will also discuss the effectiveness of the major pricing mechanisms in the field of petrochemicals, marketing and trading, as well as the strategic role of the main drives of this sector in the world, and the strategic challenges ahead. GOIC seeks to promote individual and organizational capacities of the industrial sector in GCC countries and Yemen through its training and capacity development program (TCD). Based in Doha, GOIC is an advisory knowledge-based institution aiming at developing regional industries by providing data, information, specialized researches, consultations and technical services for the public and private sectors in GCC countries. It seeks industrial integration and coordination between Member States and endeavors to shape a regional industrial policy. (QNA)