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

·         Understand 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

·         Understand the Options for increasing refinery profitability.

Program 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