Chemical Sustainability in the Gulf Will Be Highlight of GPCA Forum in December

Proceedings of the GPCA in 2020. (Asharq Al-Awsat)
Proceedings of the GPCA in 2020. (Asharq Al-Awsat)
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Chemical Sustainability in the Gulf Will Be Highlight of GPCA Forum in December

Proceedings of the GPCA in 2020. (Asharq Al-Awsat)
Proceedings of the GPCA in 2020. (Asharq Al-Awsat)

The Gulf Petrochemicals and Chemicals Association (GPCA) is set to discuss the challenges facing the sector and propose solutions for them at the 16th edition of the annual forum in December.

The forum, “Shaping a Sustainable Future with Chemicals”, will take place in Riyadh for the first time from December 6 to 8.

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman will deliver the inaugural speech and chair a dialogue session with Gulf energy ministers.

GPCA Secretary General Dr. Abdulwahab Al-Sadoun said this year’s forum is being held amid extraordinary circumstances in the world.

The chemical industry is facing several challenges, most notably in regards to climate, food security and the economy, creating uncertainty over the future of the industry.

Al-Sadoun said he was looking forward to discussions that would provide solutions to global challenges and highlight how digitization and innovation can contribute to the industry.

Participants will also spotlight plans set in place by companies to commit to their obligations toward sustainability and decarbonization.

Welcome remarks will be delivered by Eng. Abdulrahman Al-Fageeh, Acting Chief Executive Officer of SABIC and Chairman of the GPCA.

It will be followed by an inaugural address by Prince Abdulaziz.

Energy ministers will hold a panel on “Balancing net-zero ambitions in the energy sector with growth – A policymaker’s balancing act.”

Keynote sessions on December 6 will feature Amin Nasser, President and CEO of Saudi Aramco, and Dr. Martin Brudermuller, Chairman of the Board of Executive Directors of BASF.

Talks at the three-day event will focus on the most urgent issues affecting the sector, including the transformation to clean energy, changing the concepts of environmental and social practices, restructuring future supply chains of chemicals, and innovation in the agri-nutrients industry.

The GPCA annual forum was launched in 2006 and has become the key event in the chemicals industry regionally and globally.

More than 2,500 representatives of around 600 companies from 91 countries will participate in this year’s edition.



Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.