Prospects of the Refining Industry in
North America Europe and Asia
Oil & Money October 2013
1
The Context
• Important phase of industry transition
• Competitive dynamics similar to other major industrial business
- C...
Key Trends (1 of 2)
• Led by Non OECD economies, Global Oil demand likely to grow 3

million barrels per day in the period...
Key Trends (2 of 2)
• Indian medium term demand growth slows; Exports likely to

rise with commissioning of Paradeep (East...
Success Factors
The right ‘Formula’ generates consistently good performance
- Technology
- Scale & Flexibility
- Access to...
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Tony Fountain speakes at the 2013 Oil & Money Conference

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Reliance Industries, CEO, Tony Fountain shares his views on the prospects of the refining industry in North America, Europe and Asia.

View his full presentation from the Oil & Money 2013 Conference

Published in: Business, Economy & Finance
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Tony Fountain speakes at the 2013 Oil & Money Conference

  1. 1. Prospects of the Refining Industry in North America Europe and Asia Oil & Money October 2013
  2. 2. 1
  3. 3. The Context • Important phase of industry transition • Competitive dynamics similar to other major industrial business - Cost of Production - Supply Chain Management & Feedstock Costs - Flexibility - Access to Market - Higher Level of Government Intervention 2
  4. 4. Key Trends (1 of 2) • Led by Non OECD economies, Global Oil demand likely to grow 3 million barrels per day in the period 2013-15. • Net refining capacity additions of similar volume, but forces significant transition. - New capacity additions of circa 5 million barrels per day - NGLs & Bio Fuels growth to reduce the call on refinery • US revolution & competitive surge. • Middle Distillates over Gasoline. • Changes in Refinery ownership. 3
  5. 5. Key Trends (2 of 2) • Indian medium term demand growth slows; Exports likely to rise with commissioning of Paradeep (East Coast). • Strong Chinese demand growth, but backed by matching refining capacity additions. • Surge in complex export oriented Refineries in the Middle East • Pressure likely to increase on the least efficient refineries 4
  6. 6. Success Factors The right ‘Formula’ generates consistently good performance - Technology - Scale & Flexibility - Access to Advantaged Feedstock - Access to Markets - Efficiency - Working Capital & Risk Management 5

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