Refinery Operational Economics, Planning and Profitability
Quality & Compliance · 5 Days · Public · Accredited by ASQ · From USD 4,500
Overview
An understanding of the oil industry in general and petroleum refinery economics, in particular, are more essential than it has ever been. The course is designed to explain and teach the fundamentals of refining economics to specialists and non-specialists (engineers, technicians of the industry) and/or those new to this industry.
Learning Objectives
Prepare and present the business case & financial plans for a refinery project
Understand how refineries’ profit depends on location and configuration
Evaluate the economic strength of refinery installations.
Improve your understanding of the value of refinery investments
Learn how to interpret published information on the refining industry
Discover how to improve the profitability of a refinery
Who Should Attend
This course is designed for personnel, and other professionals seeking to strengthen their capability in this area.
Personnel
Professionals in Quality & Compliance
Quality, compliance and assurance professionals
Course Outline
Day 1 — Financial Management for the petroleum industry
Financial management objectives
Inter-relationships of oil prices, interest rates, capital investments, and debt
Managing risks in the petroleum industry
Introduction to valuation: the time value of money
Day 2 — Light/heavy differential
Definitions of light/heavy products
How different products track each other
Implications for refineries and investments
Import and export markets
Day 3 — Refinery assets, evaluation
Asset value explanation
Replacement value and fair market value
Methods of determining value: cost-based, income-based
Project analysis and evaluation
Day 4 — Preparing the business case and the project proposal
How to prepare and present a business case for the project
Understanding investment, cash flow, and budgets
The financial quantification of project benefits and payback
Operating within financial and budgetary constraints
Day 5 — The profitability of a refinery
Operation margins
Calculation of profit margins
Conducting a pre and post-implementation financial appraisal
The financial close of the project
Accreditation
Accredited by ASQ. On completion delegates receive an Al-Khobraa certificate of achievement.
Is Refinery Operational Economics, Planning and Profitability accredited?
Yes. Refinery Operational Economics, Planning and Profitability is accredited by ASQ. Delegates who complete the course receive an ASQ-accredited certificate issued through Al-Khobraa, a Saudi-registered training provider.
How long is Refinery Operational Economics, Planning and Profitability?
Refinery Operational Economics, Planning and Profitability runs over 5 days. The exact dates and start city for every confirmed session are listed in the dates section on this page.
How much does Refinery Operational Economics, Planning and Profitability cost?
The fee for Refinery Operational Economics, Planning and Profitability is USD 4,500 per delegate. Each confirmed session shows its own fee on this page, and in-house delivery for a team is quoted separately. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support.
Where is Refinery Operational Economics, Planning and Profitability held, and can I attend online?
Confirmed classroom sessions run in Al-Khobar, Istanbul and Addis Ababa. A live virtual classroom can be arranged on request.
Can Refinery Operational Economics, Planning and Profitability be delivered in-house for our team?
Yes. Refinery Operational Economics, Planning and Profitability can be delivered in-house at your own premises anywhere in Saudi Arabia or the wider GCC, with the content, dates and language tailored to your team. Contact Al-Khobraa for a quotation.