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Planning and economics of refinery operations

17 – 20 October 2017, London, UK


About this course
This intensive, four-day course will enable delegates to understand the essential elements of refinery
operations and investment economics, to review the various parameters which affect refinery profitability
and to develop a working knowledge of the management tools used in the refining industry.

Who should attend?
• Technical, operating and engineering personnel working in the refining industry
• Analysts and planners
• Trading and commercial specialists

Delegates will learn:
• How to assess the latest trends in product specifications, process unit yields and refining
• How to calculate product value, refinery margins and process unit margins
• How costs and margins compare
• How to simulate refinery operations and product blending
• How to optimise refinery operations, crude oil selection and product manufacturing
• How to analyse marginal costs from the optimisation of an LP model
• How to schedule refinery operations from the monthly plan to daily operations
• How to evaluate the profitability of a new
process unit.

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Technical resumé
• Review of petroleum products’ applications, characteristics and specifications
• Main refining process units.
• Refining schemes
• Basic economics of the various process units

Refinery margins and costs
• Crude oil, product markets and prices
• Analysis of refining costs
• The calculation of refining margins
• How refining margins have developed

Refinery simulation
• Simulation of product manufacturing using spread- sheets
• Analysis of the main constraints affecting product manufacturing

Present situation of the refining indusry
• The development of refining capacities, product demand, different refining schemes and conversion

Optimisation of refinery operations
• Basics of Linear Programming (LP)
• The ‘Simplex’ method. Simplified example of refinery modelisation
• Analysis of an LP solution: material balance, marginal costs, opportunity costs, incentives to
• Sensitivity analysis

Construction of a new process unit
• Economic evaluation
• Basics of profitability analysis
• Case study: construction of a new isomerisation unit
– simulation of material balance
– cash flow calculation
– investment and cost
– Internal Rate of Return calculation

Scheduling of refinery operations
• Review of scheduling problems
• Control of results and practical application in a refinery

How to improve refinery profitability
• Future of the refining industry. Forecast development of oil consumption
• Environmental constraints. Impact on refining economics
• How to schedule refinery operations from the monthly plan to daily operations
• How to evaluate the profitability
of a new process unit

EI member £3,100 (£3,720 inc VAT)
Non-member £3,300 (£3,960 inc VAT)

Book online                               Contact us