Overview
With the deterioration of the global climate, the zero-emission challenge, the epidemic, geopolitical conflicts, fluctuations in oil prices, and other international instability factors, the operation of the refining and petrochemical market has been greatly affected. Indonesia, as one of Southeast Asia's largest economies, expects domestic fuel and petrochemical product demand to rapidly increase in the foreseeable future
The refinery segment is expected to dominate the market during the forecast period, owing to increasing refining capacities across the country. Digitalization and modernization of the refining and petrochemical sectors are expected to reduce refining costs. This, in turn, is expected to create an opportunity for the market during the forecast period. Growing oil and gas consumption in the country is expected to be the major driver for the Indonesian oil and gas downstream market during the forecast period.
The 7th Refining & Petrochemical Innovation Conference Indonesia 2024 (RPIC Indonesia 2024), scheduled on Jun. 5-6, 2024, in Jakarta, Indonesia, will gather 300+ government officials, refinery and petrochemical project owners, EPCs & Consulting, global leading process technologies, software and digital technology suppliers, cybersecurity solutions, equipment vendors, etc. to discuss the most pertinent issues and facing opportunities & challenges today.
