The 2015 Condensate & Naphtha Forum, to be held in Singapore from 12-13 November 2015, will be highlighting Iran’s condensate outlook, featuring key and previously not available data, project information and future plans of leading Iranian condensate players.

There are critical changes in the Iran condensate scene with 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. This is expected to change global naphtha and condensate balances. Iran is also expected to become a huge supplier of naphtha which is of keen interest to Asian buyers.

Iran’s Siraf Refineries Infrastructure Company’s CEO & Deputy Chairman Mr. Alireza Sadeghabadi, will provide a Keynote Address on the workings and impact of the Siraf Refinery Project on global condensate and naphtha markets. The Siraf Refinery Project encompasses eight (8) gas condensate refineries located in the Siraf Refining Park, between Phases 11 & 13 of the South Pars project.

Three other Iranian speakers, Mr. M. H. Peyvandi, VP & Member of the Board of the National Petrochemical Company, Dr. Hamid Akbary, Phase 12 Project Director of the South Pars Gas Field Development, Petropars Ltd, and Ms Parinaz Tahbaz, Business Development Director/Member of the Board of Namvaran Consulting Engineers; Managers, will be providing insights on the South Pars condensate, Iranian petrochemical industry outlook and investment in the Siraf condensate refinery.

Critical condensate related issues including the impact of low oil prices on top condensate producers, US condensate demand and naphtha export potential, and the resulting market dynamics in Asia, the Middle East and the European countries, will also likely dominate discussions when the global “who’s who” of the business gather at the Condensate & Naphtha Forum.

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 allowed smooth marketing of Iranian condensate.

More than 80% 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?  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. Over its history, from its 1996-2014 time frame, the Forum has attracted an international audience from 110 cities and 45 countries.