Refining Economics: Refining, Blending and Products Quality
INTRODUCTION:
The IBH Refining Economics course aims to promote a better understanding of the key refinery business performance levers, and the techniques and tools used to optimise and improve business performance. It is intended for Supply and Refinery Business Analysts and Refinery technical support engineers with at least 1-2 years of refinery experience and some understanding of refinery operations and blending. Participants will improve their understanding of the principles of refinery optimisation, and how refinery raw materials, intermediate streams and products are produced, blended and valued.
LEARNING OBJECTIVES:
Upon completion, graduates will be knowledgeable in the fundamentals of refining economics.
After completing this course you will:
- Have a thorough understanding of the factors that contribute to the marginal value of blendstocks and feedstocks.
- Understand how streams should be distributed to ensure the optimum economic operation of an oil refinery within the many constraints that affect production
- Understand crude oils and other raw materials
- Have an overview of the key refinery processes, and critical product qualities and blending methodology
- Know the meaning and extent of the economic information that can be obtained from an LP solution
WHO SHOULD ATTEND?
The programme is designed for anyone who is concerned with better
understanding refinery economics, and will be especially valuable to:
- Analysts working in a Supply environment or a refinery Planning department
- Engineers involved in troubleshooting and technical service work who need an economic perspective of process unit operation
- Personnel from product marketing companies
- LP modellers
- Service and consulting companies will also find the program very helpful and informative.
DESCRIPTION:
The IBH Refining Economics course includes lectures, worked
examples, and working in groups to provide answers to some complex
investment problems. Upon completion of this course, participants will
have gained a broad understanding of the many economic aspects of oil
refining. There will be ample opportunities for attendees to interact
with the speakers and other participants to exchange knowledge and
ideas relating to refinery optimisation and profit improvement.
The course is designed to complement and supplement material presented in other IBH training courses.
This
course differs from economics courses offered by others in focussing on
the economic drivers on which day-to-day and longer term operational
decisions are based.
COURSE COMPRISES NUMBER OF TECHNICAL VISITS:
visit Port of Rotterdam
World Port Center
PO Box6622
3002 AP Rotterdam
The Netherlands
www.portofrotterdam.com
Visit Inspectorate Laboratory
Petroleumweg 30, 3196KD Vondelingenplaat-Rt
Tel. +31 (0)10 4720422
www.inspectorate.nl
Visit Vopak Terminal Europoort BV
Moezelweg 75
3198 LS Europoort-Rotterdam
www.oilrotterdam.vopak.com
FURTHER QUESTIONS
For further information please contact education department:
International Business House
Tel:+44 (0) 207 183 4507
Fax: +44 (0) 207 504 8225
education@ibhouse.net
www.ibhouse.net
MEDIA PARTNERS:
