Libyan Energy Cities will provide access to high quality hydrocarbon resources

Libyan Energy Cities will provide access to high quality hydrocarbon resources
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Published October 6th, 2010 - 07:14 GMT

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Manama
,
Evaluation
,
NATIONAL INDUSTRIALIZATION COMPANY
,
Strategic Planning
,
Investment Development
,
Energy Cities Development Company
,
MCBRIDE GROUP
,
GUJARAT STATE FERTILIZERS AND CHEMICALS LIMITED
,
EGYPT BASIC INDUSTRIES CORPORATION
,
JUBAIL UNITED PETROCHEMICALS COMP
,
Abdul Hussain bin Ali Mirza
,
Alaa Nassif
,
Fahad Al Dawood
,
Thibaut Eissautier
,
Werner Breuers
,
Ahmed Al Awfi
,
Ahmed Al Qahtani
,
Michel Govaerts
,
Mohamed Rashid Al Rashid
,
Fayez Al Sharef
,
Al Brega
,
Ahmed Albassam
,
H.P. Pandya
,
Ras Lanuf
,
El
,
The Middle East Chemical Week
,
Top government
,
NATIONAL OIL AND GAS AUTHORITY
,
Libyan Local Investment and Development Fund
,
Group Executive Board
,
Board of Management
The Chairman and Executive Director of the Energy Cities Development Company (ECDCo), Dr. Abdullah Mahmud, says the planned Libyan energy cities at Al Brega and Ras Lanuf will provide opportunities for investors to access high quality hydrocarbon resources. Dr. Mahmud is one of a top line-up of industry experts who will speak at the upcoming annual Middle East Chemical Week in Bahrain from 10-13 October, during which the global challenges facing the Gulf fertilizer and petrochemical industries will be discussed. Energy cities Libya has launched a US$54 billion master plan to construct the two energy cities at Al Brega and Ras Lanuf, which includes job creation opportunities, the construction of petrochemical complexes, tourism, economic diversification for Libya and opportunities for private investment. Dr. Abdullah Mahmud says Libya intends to use the high quality hydrocarbon resources to develop diversified petrochemical industries to promote economic development. He says “key opportunities include Refinery, Petrochemical – Olefins Derivatives, Petrochemical – Aromatics Derivatives, and Polysilicon as part of renewable energy development”. Uninterrupted master plan implementation According to Dr. Mahmud, the recent establishment of the ECDCo is a significant step forward in the progress of the implementation of the master plan. “The company was established by the Libyan Local Investment and Development Fund in 2010. The decision to create ECDCo as a new company was taken to ensure uninterrupted master plan implementation.” He says that while the projects at Al Brega and Ras Lanuf are similar in overall target investments, both are on the order of US$25 billion each. However, the scope of the projects at each site varies. He continues: “the Energy Cities sites in Libya provide an advantageous geographic location west of Suez Canal which will provide a logistical benefit for target markets in Europe and North America.” Top government support The Middle East Chemical Week in Manama enjoys top government support in the region, including that of the host country, and brings together the cream of the industries’ fertilizer, petrochemical, and chemical producers, NOCs, IOCs, governments, investors, technology and service providers. Key issues in industries to be addressed The conference programme consists of two streams: the 3rd Annual Middle East Fertilizer Symposium and 5th Annual Petchem Arabia Conference. Top panel members of The Middle East Chemical Week include: •H.E. Dr. Abdul Hussain bin Ali Mirza, Minister of Oil and Gas Affairs and Chairman, NATIONAL OIL AND GAS AUTHORITY (NOGA) •Dr. Alaa Nassif, General Manager for Strategic Planning and Investment Development, Directorate General at Yanbu, ROYAL COMMISSION FOR JUBAIL AND YANBU (RCJY) •Mohamed Rashid Al Rashid, General Manager, RUWAIS FERTILIZER INDUSTRIES (FERTIL) •Dr. Abdullah Mahmud, Chairman and Executive Director, ENERGY CITIES DEVELOPMENT COMPANY (ECDCo) •Dr. Werner Breuers, Member of the Board of Management, LANXESS •Mohammed Nasser Al Hajri, Manager, Downstream Business Development and Evaluation, QATAR PETROLEUM (QP) •Basil El Baz, Chairman and Managing Director, EGYPT BASIC INDUSTRIES CORPORATION (EBIC) •Michel Govaerts, General Manager, Middle East and Asia, TOTAL PETROCHEMICALS •Fayez Al Sharef, Director, Chemical Business, SAUDI ARAMCO •Thibaut Eissautier, Member of the Group Executive Board and Group Purchasing Director, MCBRIDE GROUP •Ahmed Al Qahtani, General Manager, Ammonia and Phosphate, SABIC •Ahmed Al Awfi, Deputy Chief Executive Officer, OMAN INDIA FERTILIZER COMPANY (OMIFCO) •H.P. Pandya, Executive Director, GUJARAT STATE FERTILIZERS AND CHEMICALS LIMITED (GSFC) •Malik Arif Hayat, Chief Executive and Managing Director, FAUJI FERTILIZER COMPANY •Fahad Al Dawood, General Manager, Operations, JUBAIL UNITED PETROCHEMICALS COMPANY (UNITED-SABIC) •Ahmed Albassam, Vice President, Business Development, NATIONAL INDUSTRIALIZATION COMPANY (TASNEE)

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