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Course Description

Refinery Business Economics

Course Overview

Today's refining operations are composed of sophisticated and complex processes used to convert crude oil into commercially vialble products. There are a number of variables that affect the operation's economic viability, including the refinery configuration, capabilities, and constraints. Adding complexity, each refinery has its own unique processing scheme, determined by the available processing equipment.

This course is not scheduled, please contact us at here for more information.

Who Should Attend

This course is designed for refinery technical staff who are part of a team responsible for new investment projects and process engineers responsible for the optimization of process units. Participants should have 1-2 years of refinery experience and a basic understanding of refinery operations.

The Course Duration is (in Days): 3.0

Course Benefits

  • Identify key elements of the refinery business environment
  • Describe a refinery process scheme
  • Identify the refinery planning process
  • Understand the role of linear programming in evaluating refinery projects
  • Rank potential projects for implementation

Course Topics

  • Refinery business environment overview
  • Crude oil overview - quality, sources, major supply routes, economics, and valuation
  • Refinery margins and crude oil evaluation
  • Introduction to linear programming
  • Refinery process schemes - topping and hydroskimming, cracking and full upgrading options
  • Process unit economics
  • New refinery project economics
  • Investment planning

Supplemental Offerings

For more information contact us.