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Economics and Finance

This web-based training course on Economics and Finance functionality, administration and development, is available online to all individuals, institutions, corporates and enterprises in India (New Delhi NCR, Bangalore, Chennai, Kolkatta), US, UK, Canada, Australia, Singapore, United Arab Emirates (UAE), China and South Africa. No matter where you are located, you can enroll for any training with us - because all our training sessions are delivered online by live instructors using interactive, intensive learning methods.

The world of energy is continuously changing and improving with the rising digital and industrial world. To ensure an upward development and growth in order to penetrate newer markets and increase the customer base and improve the current market, the energy sector organizations need professionals who have a global vision and thorough understanding of the industry. To effectively maneuver the financial and economic elements of petroleum refineries and petroleum industry, understanding of strategic and geopolitical dimensions, international nature, economical and financial issues, technological adventures and sustainable development methods are required to be implemented in the petroleum energy models in the industry. Despite being in the same domain, each petroleum refinery has its own set of parameters and requirements which can be customized to develop the most profit for being supplied to the specific markets. A number of refinery operations are involved in making suitable economic and financial decisions such as crude oil selection and production planning. These and various other important business processes are critical for the maintenance of refinery.


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Course Details

This Finance and Economics of petroleum refinery online training course is structured to provide the fundamentals of petroleum refining technology economics with focus on fuel transportation costs, petrochemical production costs and bio-fuel costs. The course provides overview of crude oil and petroleum products along with description of refinery technologies. The various key refining technologies such as crude oil distillation, heavy oil conversion options, hydro-treating, catalytic reforming etc. are explained in detail through this petroleum economics and finance online training course. Certain advanced concepts of refinery profitability including new technologies for improving more accurate planning models, petrochemical integration and improvement of energy efficiency. The course contains several examples of calculating capital costs, operating costs and project economics. Additionally, some recent tools will also be elaborated upon which help in extracting the optimal and most profitable economics from the oil and gas deposits. This course on finance and economics of petroleum refinery training program has no pre-requisites but it will be beneficial if the trainees have basic knowledge of finance and economics.


Crude Oil

  • The World-wide crude supply and demographics
  • Oil Reserves
  • Production methods and technologies
  • Global Crude oil demand
  • Global Crude oil pricing patterns
  • Future production trends
  • The nature of crude oil and its composition

Properties Of Bulk Crude Oil

  • API gravity
  • Sulfur content
  • Distillation range
  • Other important properties

Petroleum Products And Their Implementation

  • Gasoline
  • Jet fuel
  • Diesel
  • Fuel oil

Refining Centers And Their Functioning

  • Product pricing
  • Import/export parity

Separation Techniques And Methodologies

  • Fundamentals of distillation
  • Atmospheric distillation
  • Vacuum distillation
  • Gas plants

Processes Of Conversion

  • Hydrocracking
  • Fluid catalytic cracking
  • Delayed coking
  • Fluid coking
  • Visbreaking
  • Solvent deasphalting
  • Resid hydrocracking

Processes For Upgrading

  • Hydrotreating
  • Catalytic reforming
  • Isomerization
  • Alkylation

The Various Supporting Processes

  • Acid gas removal
  • Sulfur recovery
  • Hydrogen production
  • Pressure swing adsorption
  • Utilities and offsites
  • Product blending

The Various Refinery Types And The Complexities Involved

  • Topping techniques
  • Hydroskimming processes
  • Cracking techniques
  • Coking techniques
  • Nelson complexity index and its implementation

The Various Other Related Technologies And Their Implementation

  • Petrochemicals and their usage
  • Biofuels and their usage

Understanding Refinery Margins

  • Gross
  • Variable
  • Net
  • Incremental

Understanding Refinery Planning And Economics

  • Linear programming techniques
  • Refinery modeling techniques

Planning Applications

  • Crude oil evaluation
  • Production planning
  • Product blending
  • Shutdown planning
  • Configuration studies
  • Technology evaluation

Case Study Relating To New Refinery Project Economics

  • Managing Configuration
  • Understanding Utility balance
  • Understanding Capital cost
  • Working with the Operating costs
  • Yearly cash flow projection methodologies
  • Discounted rate of return

The Various Options For Improving Refinery Profitability

  • The various new technologies for maintaining and improving more accurate planning models
  • Understanding Refinery/petrochemical integration
  • Improving Energy efficiency

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