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5 - OGE - Oil & Gas - General/Miscellaneous
OGE 122 - Economics of Petroleum Refining
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| OGE 122 | 21 July 2025 | 5 Days | Istanbul | Registration Form Link |
| OGE 122 | 15 September 2025 | 5 Days | Istanbul | Registration Form Link |
| OGE 122 | 10 November 2025 | 5 Days | Istanbul | Registration Form Link |
| OGE 122 | 01 December 2025 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
This course provides a comprehensive introduction to petroleum refining technology and economics, focusing on transportation fuel refineries while also covering petrochemical production and biofuels. Participants will gain insight into crude oil supply and product demand, refinery process technology, and key refining operations such as crude oil distillation, heavy oil conversion, hydro treating, and catalytic reforming. The course highlights market dynamics and profitability strategies for refiners.
Course Objectives
- Understanding global crude oil supply and demand trends.
- Familiarizing with refinery process technologies and configurations.
- Learning the impact of market demand and crude oil quality on refinery operations.
- Understanding how refiners select crude oils for optimal efficiency.
- Evaluating strategies for increasing refinery profitability.
Who Should Attend?
- Refinery Managers and Engineers
- Financial Analysts and Economists
- Energy Traders and Market Analysts
- Government and Regulatory Officials
- Oil and Gas Executives
- Supply Chain and Logistics Professionals
Course Details/Schedule
Day 1
- Introduction to petroleum refining and economics
- Overview of petroleum refining and economic principles.
- Understanding oil market dynamics and pricing structures.
- Fundamentals of refinery economics and key terminology.
- Historical trends in crude oil and petroleum product pricing.
- Introduction to refining margins and profitability factors.
Day 2
- Refinery process economics and optimization
- Process unit yield data, correlations, and process modeling.
- Economic evaluation of individual refining units.
- Blending economics and optimizing fuel properties.
- Understanding crack spreads and refining margins.
- Cost-benefit analysis of refining unit operations.
Day 3
- Market dynamics and crude oil selection
- Adapting to changing product demand and quality requirements.
- Overview of petroleum products and refining specifications.
- Global crude oil supply, demand, and trade flows.
- Key economic drivers affecting crude oil and product markets.
- Evaluating refining options based on product market trends.
Day 4
- Refinery configuration and petrochemical integration
- Key trends in petroleum product demand and production.
- Overview of refinery process technologies and their functions.
- Impact of crude oil quality on refining process selection.
- Integration of refinery and petrochemical operations.
- Strategic approaches for maximizing refining efficiency.
Day 5
- Profitability strategies and case studies
- Refinery margin calculations and profitability assessment.
- Crude oil selection strategies for optimizing yield and value.
- Case study of a new grassroots refinery development.
- Evaluating investment decisions for refining expansions.
- Practical options for improving refinery profitability.
