22-23 Feb 2024
|8:00 - 11:30 (London) / 4:00pm - 7:30pm (Singapore)
||Zoom: Europe to Asia-Pacific
||USD 1,350 (FREBV-VILTAP24-02)
19 Jan 2024
*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.
This workshop is designed to follow on from our popular Fundamentals of Petroleum Refining course, by focusing on the topics of refinery economics and blending. The course reviews the fundamentals of refining planning and optimisation, and delegates will learn what affects refinery profitability, how margins are calculated and the trends in refining and product demand. We 'll also cover product specifications, blending and valuation.
Class delegates include those new to refining, as well as non-technical staff who wish to learn more about oil refining, including support staff, analysts and management in the areas of supply, operations, trading, marketing, risk management, finance, contracts and IT.
Product quality and specifications
Planning and optimization:
Refinery configuration and flexibility:
The presentation is supplemented by quizzes, as well as exercises to be completed in teams. The exercise cover product blending (calculating the quality of motor gasoline when blending various blendstocks), refinery economics (reviewing the economics of producing reformate and selling it or blending it into gasoline) and refinery margin hedging (reviewing the risks that a refiner faces and the different type of hedging strategies available.)