Course Content – Petroleum Refinery Economics

Course Content – Petroleum Refinery Economics

REFINERY ECONOMICS AND MARGIN IMPROVEMENT


Schedule Date Time PDH Venue/Platform Cost Register
Spring 2024 May 16 – 17, 2024 8:00 AM – 5:00 PM
Central Time (UTC -6)
16 hrs. Sheraton North Houston at George Bush Intercontinental
Accepts in-person and virtual attendees
US$2,300
3Q2024 September (TBA) 8:00 AM – 5:00 PM
Central Europe Time (UTC +2)
16 hrs. Becht Europe B.V., Dobbeweg 1c, 2254 AG VOORSCHOTEN, The Netherlands
Accepts in-person attendees only
EU€2,800

Description:

Upon completion of this course, participants will be able to use fundamental economic thinking and concepts to support business profitability and success. They will:

  • Develop a baseline understanding of economic fundamentals
  • Connect those fundamentals to petroleum refining and the broader market
  • Understand how to connect these concepts with business success
Outline:
Introduction: An Economic Overview of a Petroleum Refinery
Economic Basics:
  • Crude and Feedstock Pricing
  • Product Pricing
  • Environmental and Regulatory Impacts on Refinery Economics
  • Crude and Product Logistics
  • Economic Risk Management
Economic Optimization:
  • Operations Planning
  • Crude Evaluation
  • Competitive Analysis
  • Refinery Investment Decisions
  • Models and Tools
Who Should Attend:

This program combines a survey course, designed for anyone interested in the economics of the petroleum refining industry, with a more in-depth look at opportunities to improve refinery profit margins. It is ideal for refinery planning personnel, refinery engineers, product marketers and those in refinery coordination groups. Personnel from LP modeling companies, financial and insurance firms, service and consulting companies, catalyst suppliers and government agencies will also find the program informative and very useful.

Instructors:
Darren York
Darren York Mr. York has 25 years of Supply Chain Optimization and Industrial Engineering experience in the Refining and Chemical industry. Darren’s experience includes roles with KBC Advanced Technologies as a Principal Consultant and Global Product Manager for Strategic and Supply Chain Services working with international clients in all regions including the US, Canada, Mexico, Ecuador, Brazil, Uruguay, Germany, France, Italy, Greece, Russia, EAU, Oman, South Africa, India, Thailand, Malaysia, Philippines, China and Japan. Prior to KBC, Darren held multiple positions, including management roles, at Flint Hills Resources Corpus Christi refinery in business development, economics and planning, production accounting, compliance and performance management. In these roles he has focused on business success and margin capture through applied optimization, project leadership, planning, coaching and technical development of an integrated hydrocarbon supply chain.

Darren has expertise in refinery and petrochemicals planning (operations, annual, long term, and strategic), refinery scheduling, crude evaluation/selection, product blending, logistics, commercials/trading, economics and business analysis, LP modelling (PIMS, RPMS, GRTMPS, Petro and Spiral), Scheduling and Blending modelling, compliance and Foreign Trade Zone (FTZ) management, performance management with KPIs and scorecards, business analytics and data visualization, process mapping, stochastic modelling/simulation, and discrete event simulation.

Darren York
Roberto Ulivieri Mr. Ulivieri has over 25 years’ experience working internationally in oil companies and consulting firms. Mr. Ulivieri has strong strategic and analytical abilities, broad industry knowledge and thorough understanding of the economics and fundamentals of the oil-to-chemicals value chain. He has extensive knowledge in the technical, commercial, and strategic aspects in the analyses of variating projects.

Download Course Content
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Discounts:
Becht offers the following discounts on Public Training:

The highest applicable discount will be applied; discounts are not additive.

  1. Early Registration – A 10% discount is to be provided when you register 30 days before the start date of the training.
  2. Group Rate – A group discount is applied when you send three or more people from your organization to the same course and provide a single payment.
  3. No. of Registrants Discount/Person
    3 10%
    4 – 6 20%
    7 and up 25%
  4. Yearly Commitment Discount – A 25% discount when you prepay for a minimum of 10 participants from your organization to any of the courses in the same year.

Virtual Training Platform:
GoToTraining is Becht’s interactive online training solution with the most reliable features to help you before, during, and after your sessions. GoToTraining is a robust training platform that engages participants/attendees virtually.

Cancellation Policy:
A full refund is available for cancellations more than 30 days before course start date. Within 30 days of course start date, course credit can be transferred to another attendee within the same company, or can be kept on file to be applied to a future Becht training course.

For information regarding the training course, contact the Training Coordinator at Training@becht.com.

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