Fundamentals of Petroleum Refinery Economics, Houston, December 6, 2013

Venue: Houston - Westchase

Location: Houston, Texas, United States

Event Date/Time: Dec 06, 2013 / 8:30 am - (CST) End Date/Time: Dec 06, 2013 / 4:30 pm - (CST)
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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.  

Course Outline

  • 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: Dec 06, 2013

Length: 1 day (8:30 AM - 4:30 PM)

Location: Houston, TX

Delivery Method: Classroom Training    

CEU: 0.8 Continuing Education Units

PDH: 8 Professional Development Hours

Certificate: Certificate Issued Upon Completion

Fee: $ 895.00 USD



Houston - Westchase
United States

Conference Speakers

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.