Manama, December 14 (BNA) Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa inaugurated the Barrels and Catalysts Technology Conference (BBTC MENA 2021).
The two-day conference brings together CEOs of oil companies, members of Gulf and international oil companies, experts, engineers and oil industry professionals from all over the world.
The conference was organized by the European Petroleum Consultants Company and the Bahrain Petroleum Company (Bapco), in cooperation with the Ministry of Oil and with the support of Gulf and international oil companies.
The conference is a platform for exchanging and exchanging experiences on the best methods and appropriate solutions for the remains of fuel oil and waste and the impact of the Corona pandemic on the energy sector.
It also reviews how Middle East refineries are adapting their operations to meet current market demand, as many of the remaining fuel oil projects in operation are based on fuel oil.
His Highness Sheikh Mohammed bin Zayed Al Nahyan, in a statement, confirmed that the energy sector in Bahrain is witnessing continuous growth under the support and patronage of His Majesty King Hamad bin Isa Al Khalifa, and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. Minister.
He added that this support enhances the sector’s role in serving the national economy and supporting Bahrain’s efforts in sustainable development.
He pointed out that Bahrain’s hosting of the conference comes within the framework of its interest in exchanging expertise and experiences on the most important technological developments in this field.
“This is very important because traditional refining methods are no longer the only source of profits, and there is a global trend to enhance ways to benefit from fuel oil as one of the energy sources with a promising future,” he said.
“The petrochemical industry faces new challenges and opportunities today, with changing markets and a global trend towards sustainability and decarbonization. This requires oil and gas refineries to develop themselves to keep pace with this change, increasing conversion to reduce production of low-value fuel oil and reduce emissions in a way that contributes to preserving the environment and meeting the requirements of sustainability”.
Sheikh Mohammed said that organizing and hosting such important events is an opportunity to discuss opinions and ideas on ways to develop this sector, face challenges arising from the repercussions of the coronavirus pandemic, and improve mechanisms for dealing with various emergencies and crises.
“In the refining and petrochemical industry, barrel bottom modernization has undoubtedly been pivotal to achieving high levels of productivity and maintaining competitiveness – a key component of every modern refinery complex,” the regulators said.
“In today’s refining and petrochemical industry, we face new challenges and opportunities, as markets change and a rush toward more sustainability and decarbonization. Refineries will continue to look for low-value waste conversion and increase conversion to reduce production of low-value fuel oil. Key goals remain to increase conversion and improve products Increasing integration with petrochemicals, reducing emissions and increasing margins.”
Besides process techniques, motivators will continue to play a central role in achieving these goals, they said.
“Catalytic processes are at the heart of all refineries. Producers look to select the most appropriate catalyst to increase profitability, increase production, increase integration and develop new revenue streams. Making the right choice in terms of catalyst management and waste management, various recovery and renewal techniques is very important when it comes to determining the best operational strategy for the years coming.”