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6 - OGE - Oil & Gas - General/Miscellaneous

OGE 122 - Economics of Petroleum Refining

Code Start Date Duration Venue
OGE 122 09 October 2023 5 Days Istanbul Registration Form Link
OGE 122 04 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

This course presents a broad introduction to petroleum refining technology and economics. The focus is on transportation fuels refineries, however, 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. Key refining technologies are described such as crude oil distillation, heavy oil conversion options, hydrotreating, and catalytic reforming

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.

Who Should Attend?

  • Engineers who have limited refinery experience
  • Oil refining personnel
  • Petrochemical producers
  • Managers/Executives in oil refinery suppliers


Course Details/Schedule

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