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Course Summary Principles and Economics of Oil Refining is designed to provide delegates with a thorough understanding of the technical principles of refining and its economic drivers. Through a combination of presentations and case studies, delegates will learn the principles of refinery operations and planning, the commercial aspects affecting crude selection and operation of the refinery. Throughout the course delegates participate in a refinery simulation whereby they select and purchase optimal crude cargoes, nominate finished product sales. The refineries are also exposed to the vagaries of the international oil market. Please note: a laptop and up-to-date version of Office would be an advantage in order to engage in market data; however it is not essential. What You Will Learn The chemistry of crude oil, interpretation of a crude oil assay and their influence on the refinery operation The chemistry of the key refining processes The technologies, costs and optimisation of key refining processes Financial evaluation techniques as applied to project investment The workings of tanker markets and how freight is calculated Commercial aspects of crude oil selection Blending of intermediate streams into finished products The significance of finished product specifications to the refiner, shipper and end user The workings of the international oil trading markets Suitability: Personnel within the refining sector who have direct involvement in the technical, operational and commercial aspects of the refinery operation (e.g. planners, engineers and process operators) Personnel within the supply trading sector who have a direct involvement in refinery operations (e.g. supply planners and operators) New graduates to the refining and supply departments Course content: Combining 24 presentations, 7 exercises and an ongoing refining simulation with refining videos, the course contents include: Introduction Terms used Oil markets Physical crude and product markets Paper markets The chemistry of crude oil Crude oil characterisation Interpreting the crude oil assay Overvie- of refining objectives Types of refinery Crude Oil Selection and Valuation Gross Product Worth Netback and refiners margin Tanker Markets Freight and Worldscale Tanker characteristics Refining Process Categories Straight run Atmospheric and vacuum distillation Quality improvement Distillate hydrotreating and hydrofining Residue desulphurisation Catalytic reforming Isomerisation Alkylation Yield shifting Visbreaking Catalytic cracking Hydrocracking Coking Others process Gas to liquids Hydrogen plants Sulphur, steam and power generation Process Costs Process Optimisation Refinery Planning and scheduling using the LP model Products Gasoline Diesel gasoil, heating oil, Jet kerosene, DPK Residual fuel oil Lubes, bitumen and LPG Bio fuels Process stream selection Blending and additives International specifications and their significance

Course Summary Principles and Economics of Oil Refining is designed to provide delegates with a thorough understanding of the technical principles of refining and its economic drivers. Through a combination of presentations and case studies, delegates will learn the principles of refinery operations and planning, the commercial aspects affecting crude selection and operation of the refinery....

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