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GCC refining infrastructure spend seen at USD 700 billion

Steel News - Published on Mon, 10 Dec 2012

Trade Arabia quoted an expert as saying that a projected USD 700 billion will be spent on refining infrastructure projects in the GCC region over the next few years. It was vital to design new projects to minimize maintenance costs and maximize reliability.

Mr Gordon Smith CEO of Bapco was speaking at the second Middle East Maintenance Conference held at the Gulf Hotel in Bahrain.

The Middle East needs to develop its manufacturing sector in order to boost local investment and produce parts for different industries, Smith added, stressing that the region needed its own manufacturing industry to support different industries and projects. Maintenance needed to be considered seriously in order to ensure reliability and safety.

Life cycle costs, for instance, need to be included in the project design from the conceptual stage to the commissioning and on going operations of the plant.

Mr Mahmood Mirza Bapco acting general manager maintenance chaired a session on asset integrity management on the first day of the conference.

Source - Trade Arabia

(www.steelguru.com)

Posted By : admin on Mon, 10 Dec 2012
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