Overview

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.

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

Delivery Method: Classroom Training
Fee: $ 695 USD
Early Bird Fee: $ 625.50 USD Enroll prior to Oct 24, 2010, nonrefundable
Location Houston, TX