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Fundamentals of Petroleum Refinery Economics
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| Course Satisfaction Rating: 99.3% |
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Course Overview
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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.
0.8 CEU (Continuing Education Units) or 8 PDH (Professional Development Hours)
A complete set of course materials and lunches are included.
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| Course 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 |
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| 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. |
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| | Need more information about this course from the instructor(s)? click here |
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All scheduled event(s) for this short course: |
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Legend:
Blue = 5 or more seats available
Green = less than 5 seats available
Red = the event is full |
| | Start Date | Delivery | Location | Fee | |
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| 8-Dec-10 | Classroom | Houston | $ 695 USD |  | |
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