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Original price was: £3,250.00.Current price is: £2,950.00.

 

Refining Economics – Autumn Edition

12 - 14 November 2025
Dubai, UAE

Introduction

Refining Economics course is designed to give a baseline understanding of refining economics to participants who are not refinery specialists. After an initial introduction of some technical aspects of refining that are essential to understanding economics, the course takes on many aspects of refining that require the application of economic concepts. This includes an explanation of refining margins for refineries of different complexity, basic aspects of planning and optimization, techniques to calculate the blending value of streams, and an explanation of the fundamentals that set prices and margins in the marketplace.

The course includes many examples where the concepts that are taught are used to explain past pricing and refinery investment trends. The delivery makes many links between techno-economic aspects of refining, how those aspects shape price relationships and how refineries react to changing price relationships.

The purpose of these links is to provide participants with an appreciation of the fundamentals that set prices and margins. The course ends with a module where the learning is used to speculate about the future refining scenario.



The learning objectives

• Understand which aspects of refining operations have highest relevance for margins
• Understand the margins of refineries of different complexity
• Understand key aspects of refinery optimization
• Learn how to calculate the blending value of intermediates
• Develop an understanding of how the fundamentals of refining determine many price relationships, e.g. the price differentials between crude oils and refined products of different quality
• Use these fundamentals to make price forecasts


The delivery of the Refining Economics course includes many examples based on margin cycles of the past 25 years. These are used to give the participant perspectives on what may happen in the future, given the societal pressures to reduce carbon emissions.



Agenda



Who will benefit from the training:

  • Those who are at an early stage in their need to apply concepts of refining economics will further their knowledge and understanding
  • Those who already apply concepts of refining economics to specific purposes will gain a broader perspective


Instructors



Price



Certificate

Upon successful completion of this online training course, a personalised CPD certificate with the duration of the learning activity undertaken, will be issued by the CPD Certification Service as conforming to universally accepted Continuing Professional Development (CPD) guidelines

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  • Olga Akhramovich
  • Project Coordinator
  • +442071834507
  • olga.akhramovich@ibhouse.net

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