The country's crude oil refining industry
plays a crucial role in satisfying the local energy needs.
This decline is mainly due to the drop recorded by the energy sector (-9.8%), mechanical and electric industries (-2.2%), the textile/clothing and leather sector (-5.2%), the chemical industry (-6.5%) and the oil refining industry
M2 PRESSWIRE-August 12, 2019-: The Oil Refining Industry
in Southeast Asia, 2010-2019 & 2024 - Featuring PTTEP, Petronas, and PT Pertamina
This was a difficult period for Pakistan's energy industry however, and particularly so for the oil refining industry
. The country witnessed a 14% drop in the value of the Pakistani Rupee against the US dollar.
Earlier it was reported that Turkmenistan intended to increase the capacity of the oil refining industry
up to 22 million tons by 2025 and up to 30 million tons by 2030.
." Startup of the new unit is anticipated by 2022.
Shaikh Mohammed stressed the need for more engineering solutions and advanced technology investment for various challenges in the refining industry
as a result of population growth and increasing demand for energy, which requires further work to enhance cooperation between the refining industry
"It is encouraging to see that the theme of the conference is on the topics of improving environmentally friendly technologies, such as advanced trends in gaining carbon or enhanced oil recovery in the refining industry
," he said.
In his keynote address during the conference, Al-Barqan stressed the importance of this forum and its long-term commitment to bring together largest number of experts and specialists in the refining industry
and tackled important topics, in the fields of innovation, cooperation and technology, which brings together a number of stakeholders with local and international partners that contribute to adding more value to the gathering.
Moreover, the official pointed out that the rates of consumption of diesel throughout the year range from 1.1 to 1.2m tonnes per day, which are sufficient quantities for consumption, pointing out that supporting the refining industry
domestically strengthens the ability of the sector to pump additional quantities of petroleum products and reduces shipments of external imports of diesel and gasoline.
Speaking to KUNA following the event, the Kuwaiti minister acclaimed this strategic partnership as a "success story" for Kuwait and Oman, saying it has developed Gulf refining industry
from just competition into integration.