Refining Economics

21 - 23 October 2024
Dubai, UAE


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.


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




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

Download brochure

*Special group enrolment pricing

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

IBH Frequently Asked Questions

  • Online: Choose the course you wish to register: Click the "REGISTER NOW" button in the course page, complete the form and click submit.
  • Email: Send us your course details with the delegates information at office@ibhouse.net
  • Telephone: Please call us on our Tel No: +44 (0) 207 183 4507 or Mob No: +44 7932 572866 to reserve your seats.
For corporate fees and group registration, please send your query to office@ibhouse.net
  • Bank Transfer
  • Card Payment
  • Cash
We will send you the invoice within 48 hours of receipt of registration. If you do not received your invoice within this time, please send us an email office@ibhouse.net
We will send you the confirmation by email within 24 hours after you registration.
Yes. Please send the full name, position and company name of new participant 48 hours before course date.
If you notify International Business House in writing or via email up to 30 days before the start date of the course, you will receive a full refund less an administration fee of 100£ of the course fee. In addition if you are unable to attend, the following cancellation charges will apply for written notice received: 14-29 days before the course: 50%. 1-14 days before: 100%. If you are unable to attend a course, you are welcome to provide a delegate substitution, up to 24 hours prior to the course at no extra charge. If you wish to transfer to a different course a 10% admin charge will be made if the transfer occurs between 10-29 days before the course. If you fail to attend the course on which you are booked and have not given prior notice to International Business House then the course fee will remain payable in full. This cancellation policy is necessary owing to the strict limitation on attendance numbers. IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised 30 days before the course
IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised before the course start date and any course already paid in full will not be subject to the increased price.
IBH proved delegates with visa support letters once payment has been received.
Please send us to office@ibhouse.net the following information:
  • Your copy of passport
  • Company name
  • Position
If you registered with accommodation IBH will also provide you with hotel booking confirmation. For more information about visa procedure please visit our website or call us +44 (0) 207 183 45 07. Should your visa application be declined, we will provide a full refund of the payment.
Yes. Any of our open professional excellence courses can be run in-house to meet your company's specific needs. For more information please click here

Browse other courses

  • tanker-chartering-and-voyage-management-ibhouse.net

    Tanker Chartering & Voyage Management

    £3,200.00 View Course

    3 June - 7 June 2024

    Amsterdam, The Netherlands

    5 days

  • oil-trader-academy-ibhouse.net

    International Oil Trader Academy | ICE Europe

    £4,995.00 View Course

    January - January 2025

    ICE Europe, London, UK

    10 days

  • oil-trading-shipping-course-training-oil-and-gas-ibhouse.net

    Trading and Shipping Working Together – Dubai

    View Course

    To be confirmed - To be confirmed


    4 days

  • Advanced-Oil Trading-Risk-and-Hedging-ibhouse.net

    Advanced Oil Trading: Risk and Hedging

    £3,750.00 View Course

    19 - 22 November 2024


    4 days

View all courses

Get all the latest insights
and updates direct to your inbox

Copyrights International Business House 2024 All rights reserved.