Fundamentals of Petroleum Refinery Economics - PEICE

Venue: Houston

Location: Houston, United States

Event Date/Time: Dec 09, 2011 End Date/Time: Dec 09, 2011
Registration Date: Dec 09, 2011
Early Registration Date: Dec 09, 2011
Report as Spam


Course Information:


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

Instructor(s): Marvin Rakow, M. Ch. E.

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.


Additional Information

Fundamentals of Petroleum Refinery Economics
Delivery Method: Classroom Training
Fee: $ 695 USD
Early Bird Fee: $ 625.50 USD Enroll prior to Oct 25, 2011, nonrefundable
Location Houston, TX
CEU: 0.8 Continuing Education Units
PDH: 8 Professional Development Hours
Certificate: Course Attendance Certificate Issued Upon Completion

Sessions: Date Start Time - End Time
1. Friday, December 09, 2011 8:30 AM - 4:30 PM