Fundamentals of Petroleum Refinery Economics - PEICE
|Event Date/Time: May 25, 2011||End Date/Time: May 25, 2011|
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
Delivery Method: Classroom Training
Fee: $ 695 USD
Early Bird Fee: $ 625.50 USD Enroll prior to Apr 10, 2011, nonrefundable
Location Houston, TX