Refinery Business Economics Seminar 2011

The Refinery Business course is a comprehensive core skills course for professionals dealing with all aspects of the Refining Industry. The aim of the programme is promote a better understanding of the key refinery business performance levers, and the techniques and tools used to optimise and improve business performance. In addition it will cover the fundamentals of refining processes and provide an understanding of the individual unit operations especially in relation to blending the final products.

The course will be invaluable to all engineers working in the planning, operation and design of all refining activities. Those who are experienced in other fields and seek a review of the fundamentals of refining and refinery economics will also find this course most beneficial.

LEARNING OBJECTIVES
Upon completion, graduates will be knowledgeable in the fundamentals of both refining processes and refining economics.

After completing this course you will:

• Have a thorough understanding of the petroleum industry from crude oil, refinery processes through to blending products to specification and shipment.
• Understand crude oils and other raw materials especially biofuels.
• Understand 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.
• Know the meaning and extent of the economic information that can be obtained from an LP solution.
• Understand how a refinery investment is evaluated.