Fundamentals of Petroleum Refinery Economics, Calgary, November 7, 2013
Venue: Calgary - Downtown
|Event Date/Time: Nov 07, 2013 / 8:30 am - (MST)||End Date/Time: Nov 07, 2013 / 4:30 pm - (MST)|
This one-day course will provide participants with an overview of economic terminology, fundamentals and methodology used to assess profitability of ongoing operations as well as future expansion/revamp. Discussions will include determination of refining margins and crack spreads, factors influencing feed and product pricing, process models and linear program applications as operations and optimization tools, feedstock and process unit economic drivers, and examples of refinery cash flow and project profitability calculations. While the course is basic in nature, attendees unfamiliar with refinery vocabulary and its processes should attend the 2-day course "Introduction to Petroleum Refinery Processing" that immediately precedes this course.
A complete set of course materials and lunches are included.
- Introduction to Refinery Economics
- Refinery Margins and Crack Spreads
- Feed and Product Pricing Issues
- Capital (CAPEX) and Operating (OPEX) Costs, Financial Terminology
- Refinery Complexity, Types of Refineries and Their Process Options
- Operations and Optimization Tools - Simulators and LP Models
- Economic Drivers
- Calculation Examples
Date: Nov 07, 2013
Length: 1 day (8:30 AM - 4:30 PM)
Location: Calgary, AB
Delivery Method: Classroom Training
CEU: 0.8 Continuing Education Units
PDH: 8 Professional Development Hours
Certificate: Certificate Issued Upon Completion
Fee: $ 895.00 CAD
Marvin Rakow is President of EDU-TECH Management Resources, a consultant services organization in technical training, business development, marketing and R&D to the petroleum, petrochemicals, and specialty chemicals industries. He was previously Senior Vice President for Hydrocarbon Research, Inc. (HRI), responsible for all technical groups and the operation of HRI's R&D Center, including technology development for the petroleum/petrochemicals industries.