Over 400 market participants discuss oil and products markets in Dubai
The international Argus Oil Products 2023 Caspian and Central Asia Markets conference took place over 16-17 March in Dubai, UAE.
Over 400 participants from 150 companies and 30 countries met at Park Hyatt Dubai to discuss the prospects and challenges facing the oil products market.
Pro Logistics Services was the conference’s diamond sponsor, with Alcagesta and Jawad Oil and Gas as gold sponsors. Ziayee Group, Hazar Yol and Petrolic were silver sponsors, and Crait, Everest Energy DMCC, EGE Logistics and CIM Bank were bronze sponsors.
The conference started with a session about the global oil products market podcast. Argus chief economist David Fyfe presented an overview of the impact that recent geopolitical turmoil has had on global oil demand.
Oil analytics firm Vortexa lead crude analyst Jay Maroo gave a presentation about the main changes in global oil product flows. Argus business development vice-president Kenneth Woo spoke about the changing landscape of the Asia-Pacific oil products market. And a presentation about the role of sustainable aviation fuel in driving innovation and market growth was given by aircraft refueling company iFuel business development director Grazvydas Bajora.
The second session looked at current trends in Caspian and central Asian crude and oil products markets. The head of oil transportation and processing at Kazakhstan’s energy ministry, Samat Mergenov, spoke about the current situation and prospects for crude and oil markets in Kazakhstan. Argus Caspian markets and transportation head Rauf Guseynov explained recent changes and trends in Kazakhstan’s crude export flows.
Argus consulting manager Sarah Raffoul and the UAE’s Bushra Marketing Management founder Maedeh Mazinani explored the challenges and opportunities faced by Middle East oil products markets.
The second day of the conference looked at topics including transport and transit opportunities, rail solutions for oil products supply chains, and aspects of transfer pricing. Trends in transfer pricing legislation in Kazakhstan were covered by a representative from the country’s finance ministry state revenue committee, Nurzhan Karabaev. The topic was continued by Argus head of pricing and logistics research Kirill Portnov, who spoke about Argus' activities under transfer pricing legislation and the factors taken into account when preparing studies for taxpayers in Kazakhstan.
We appreciate all the participants for taking part in the event and hope to see everyone at the Argus Kazakhstan and Central Asia Oil and Gas Markets 2023 conference on 22-23 June in Almaty.