This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. 

 This course is designed to provide participants with a detailed and up-to-date overview of Refinery Operational Economics, Planning & Profitability. It covers the planning and scheduling in petroleum refineries, refinery complexity, refinery configuration, integrated refineries and choice of crude; the crude oil scheduling, capacity utilization of crudes and operational efficiency; improving product movements and releasing tankages; the crude assay, intermediate feed characteristics, yields and properties; the different process units, storage tanks and custody transfer/measurements; the product blending rules, product specifications, new trends in fuel production and environmental issues; and the crude oil pricing regimes, product netback, concepts of operational profitability including gross refining margin (GRM), net refining margin and contribution margin. 

 During this interactive course, participants will learn the refinery configuration covering topping, hydroskimming, cracking, full conversion and niche products; the production plans, selecting feedstock, feasibility and optimality; the optimal product mix, marginal economics, investment opportunities and planning versus scheduling; the blending methods, process models, simple stock balances (spreadsheet), linear programming (LP’s), non-linear programming (NLP’s), distributed error recursion and integer programming; the various model types pertaining to blending, multi-refinery and distribution, single refinery and time period; and the key crude and product qualities as well as crude and product pricing