RL Blogs
By Incisive Media
Feb 04, 2014Your most comprehensive Latin American refining technology conference |
“Mexico faces a historic opportunity,” said President Enrique Peña Nieto of his government’s transformational plans back in August of last year (Financial Times, August 12, 2012). The plan to change Mexico’s constitution and open up the country’s energy sector to foreign investors for the first time in 75 years is extraordinary. In practice – although the details are yet to be announced - outsiders will be invited to partner with Pemex and increase the country’s oil and gas production.
In December 2013 Mr. Peña Nieto pushed these reforms through and many expect it will unleash billions of dollars of investment from oil majors. However, who has the cash to do it? Shell, ExxonMobil, Total, BP and Statoil have all been selling highly profitable assets and will continue to do so in 2014-2015. Shell in particular has recently issued a profit warning and has cited continuing problems in refining as the cause, so achieving ‘better capital efficiency’ on its current projects seem to be the focus instead.
With most of the super-majors scaling back their capital expenditure plans, and who are increasingly wary of getting involved in refining, what will all these reforms mean for the downstream sector in Mexico? What kind of joint ventures might we see? One thing that seems clear is that regulation will increasingly move outside of Pemex to other regulatory bodies.
For a complete overview of the Latin American refining industry plus the technology advances that will help Pemex in its efforts to improve refining operations and profitability, attend the LARTC Annual Meeting. An exciting program awaits, plus an exhibition showcasing the world’s leading technology companies and EPC contactors.
LARTC has fast become the leading event for senior refining and petrochemical professionals from across the Latin American downstream sector. Attendees come together to discuss the latest project developments and potential investment opportunities as well as gain insights into the challenges and opportunities affecting each country in the region. The agenda will showcase cutting edge technologies and solutions that can ensure the competitiveness of the sector in Latin America.
Attending the LARTC 3rd Annual Meeting will enable you to:
Some of the issues we will cover include:
Remember to register before Friday 31 January to claim $200 your early booking discount. For full pricing details and online booking click here.
HOW TO REGISTER:
To benefit from the early booking discount offer (SAVE $200), register below via the following three options:
Telephone: Saffa +44 (0) 207 484 9910 Email: saffa.khan@gtforum.com Online: click here
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