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PART TWO
OAPEC Activities in 2012
the energy efficiency improvement procedures in refining industry. The
aim is to monitor the changes in the consumption rates over time, and to
make the proper amendments on a timely basis.
1.3 Drivers ofCooperationbetweenNational PetroleumCompanies
inOAPECMemberCountriesandGlobalPetroleumCompanies
in Petroleum Downstream Industries
This paper was presented to the Petroleum Downstream Industries
Week, held in Abu Dhabi – UAE, during the period 25-28 March 2012,
under the sponsorship of Abu Dhabi Oil Refining Company (TAKREER)
and a number of global oil companies.
Thepapergivesahistoricbackgroundof thedevelopmentofcooperation
between the national oil companies in OAPEC member countries and
global oil companies in refining and petrochemical industries. The
paper addresses the drivers of national petroleum companies in OAPEC
countries to join global companies in refining industry. These drivers are
summarized in increasing profitability, sharing risk, protecting capital,
and ensuring opportunities for marketing oils of exporting countries in the
world’s major oil markets. They also include enhancing their competitive
edge in global markets, adding value to their oil resources by converting
them into petroleum products instead of exporting crude.
The paper briefs the gains the global companies seek from cooperation
with national companies in OAPEC countries, as follows:
Sharing challenges and joint opportunities.
•
Sharing risk.
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Exchanging of knowledge in engineering and operation with
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national companies.
Transferring skills and technology, and contributing to building
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local capacity.
Accessing oil reserves and projects of economic feasibility.
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