With the deterioration of the global climate, the zero-emission challenge, the epidemic, geopolitical conflicts, fluctuations of oil prices, and other international instability factors, the operation of the refining and petrochemical market has been greatly affected. Indonesia which as one of Southeast Asia's largest economy expects domestic fuel, and petrochemical products demand to rapidly increase in the foreseeing 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.

7th Refining & Petrochemical Innovation Conference Indonesia 2024 (RPIC Indonesia 2024) scheduled on Jun. 5-6, 2024, Jakarta, Indonesia will gather 200+ government officials, refinery and petrochemical project owners, EPCs & Consultings, global leading process technologies, software and digital technology suppliers, cybersecurity solutions, equipment vendors, and ect. to discuss the most pertinent issues and facing opportunities & challenges today.