Course Objectives
- Understanding the fundamentals of World-wide crude oil supply and demand
- Being familiar with refinery process technologies
- Learning the Impact of market demand and crude oil quality on refinery configuration
- Learning How do refiners select crude oils
- Understanding the Options for increasing refinery profitability.
- This course presents a broad introduction to petroleum refining technology and economics. The focus is on transportation fuels refineries, petrochemical production and biofuels are also discussed.
- The program includes an overview of crude oil supply and petroleum product demand. This is followed with a description of refinery process technology.
- Describe Key refining technologies such as crude oil distillation, heavy oil conversion options, hydrotreating, and catalytic reforming
Who Should Attend?
- Engineers who have limited refinery experience
- Oil refining personnel
- Petrochemical producers
- Managers / Executives in oil refinery suppliers
Course Content
Day 1
- Introduction to Petroleum Refinery Economics
- How Oil Markets Work
- Refinery Economics Fundamentals, Terminology and Techniques
- Historical Crude Oil and Product Pricing
Day 2
- Process Unit Yield Data and Correlations, Process Modeling
- Economics for Individual Units and Refinery
- Blending Economics
- Crack Spreads and Refining Margins
Day 3
- Optimizing in a Changing Product Demand and Quality Environment
- Petroleum Products
- World-wide Crude Oil Supply and Demand
- Economic Drivers from Crude Oil, Products, Key Process Units
Day 4
- Important petroleum product demand trends
- Overview of refinery process technology
- Impact of market demand and crude oil quality on refinery configuration
- Refinery/petrochemical integration
Day 5
- Refinery margin calculation
- How do refiners select crude oils
- Case study of new grassroots refinery
- Options for increasing refinery profitability