5‏/4‏/2018

Economics of Petroleum Refining



Course Objectives
  • Understanding the fundamentals of World-wide crude oil supply and demand
  •   Being familiar with refinery process technologies
  •   Learning the Impact of market demand and crude oil quality on refinery configuration
  •   Learning How do refiners select crude oils
  •   Understanding the Options for increasing refinery profitability.
  •   This course presents a broad introduction to petroleum refining technology and economics. The focus is on transportation fuels refineries, petrochemical production and biofuels are also discussed.
  •  The program includes an overview of crude oil supply and petroleum product demand. This is followed with a description of refinery process technology.
  •   Describe Key refining technologies such as crude oil distillation, heavy oil conversion options, hydrotreating, and catalytic reforming
Who Should Attend? 
  •        Engineers who have limited refinery experience
  •        Oil refining personnel
  •        Petrochemical producers
  •        Managers / Executives in oil refinery suppliers
Course Content

Day 1
  •        Introduction to Petroleum Refinery Economics
  •        How Oil Markets Work
  •        Refinery Economics Fundamentals, Terminology and Techniques
  •        Historical Crude Oil and Product Pricing
Day 2
  •        Process Unit Yield Data and Correlations, Process Modeling
  •        Economics for Individual Units and Refinery
  •        Blending Economics
  •        Crack Spreads and Refining Margins
Day 3
  •  Optimizing in a Changing Product Demand and Quality Environment
  •   Petroleum Products
  •   World-wide Crude Oil Supply and Demand
  •   Economic Drivers from Crude Oil, Products, Key Process Units
Day 4
  •  Important petroleum product demand trends
  •    Overview of refinery process technology
  •   Impact of market demand and crude oil quality on refinery configuration
  •  Refinery/petrochemical integration
Day 5
  •       Refinery margin calculation
  •        How do refiners select crude oils
  •        Case study of new grassroots refinery
  •        Options for increasing refinery profitability
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