Refining Economics: A Multi-Day Virtual Course, September 1-2, 8-9 2021

6.00 pm to 10.30 pm, SGT TIME
1.00 pm to 5.30 pm, BHT Time
11:00am – 3:30pm, London Time

Location: Virtual

Venue: N.A.

Starts: 01 Sep 2021

Ends: 09 Sep 2021

Type: Virtual

Register Now

or Ask A Question

The Refining Economics course is designed to teach fundamentals of refining economics to non-refiners or to those newly introduced to refining. A technical background is not necessary to understand course materials and the course should be useful to financing or marketing individuals who have some involvement with refining or petroleum products. Similarly, a marketing background is not critical and the course may be helpful to refinery engineers who would like to understand how commercial and economic factors drive operating and investment decisions that affect their refineries.


The course was conducted via a video conferencing platform, covering a combination of theoretical and practical case studies.

Each daily session was of 4.5 hours duration (including half-hour break) with individual and joint sessions by our Course Directors, to:
  • Access up to the minute thinking, strategies, insights, case studies, with slides, background and reference materials, without leaving your desk.
  • Engage, interact and pose questions to the Course Directors as you would in a classroom setting.
  • Grow your professional skills without travel costs.
  • Attend in Groups with your team with our special deal for 2 or more

For more information, registrations and other queries, please contact us at:

Tel: (65) 6338 0064 | Email:

Past Participating Companies

  • ADNOC Refining
  • Aramco Asia Singapore Pte Ltd
  • Bahrain National Gas Company (B.S.C.)
  • Ecomar Energy
  • Esso (Thailand) Public Company Limited
  • ExxobMobil
  • Fujairah Oil Terminal FZC
  • Fujairah Oil Trading Zone (FOIZ)
  • Glander International Bunkering
  • GPS Chemoil LLC FZC
  • HanwhaTotal Petrochemical
  • Idemitsu Kosan Co,Ltd
  • Jordan Petroleum Refinery
  • Kuwait Petroleum Corporation
  • LUKOIL Asia Pacific Pte. Ltd
  • Ministry of Oil & Gas, Oman
  • Navitas Continental FZCO
  • Occidental Oil Asia Pte Ltd
  • Oilinvest Netherlands BV
  • Pacific Wells Pte Ltd
  • Pengerang Refining Company Sdn. Bhd
  • Petrochemical Corporation of Singapore (Pte) Ltd
  • Qatar Petroleum
  • Rabigh Refining  & Petrochemical Co
  • Reliance Industries Ltd
  • Sakhalin Energy Investment Company Ltd
  • Saudi Arabian Oil Company (Saudi Aramco)
  • S-OIL Corporation
  • Thaioil Public Company Limited
  • Tipco Asphalt Public Company Limited
  • Total Trading Asia Pte Ltd
  • U.S. Grains Council
  • Vitol Bahrain E.C

Course Directors

Mr. Tod D. McGreevy

Vice President
Muse, Stancil & Co.

Mr. Tod McGreevy has over 30 years industry experience and a diverse background in petroleum refining and manufacturing. Mr. McGreevy currently serves as Vice-President and Director of Muse, Stancil and Co., a global energy consultancy headquartered in Dallas, Texas. He has been with Muse since 2003 and is also a Director of Muse’s Singapore affiliate, Muse, Stancil & Co (Asia), Pte. Ltd.

During his career, Mr. McGreevy has held various positions that encompass many of the technical/managerial functions found in the downstream sector of the petroleum industry. Previous work assignments have given him a wealth of experience in refinery economics including tactical planning and optimization, long-term, strategic planning, project evaluation, economic justification, and development, budgeting, financial performance measurement and benchmarking, and financial modeling.

Mr. Ramin Lakani

Senior Consultant, Muse, Stancil & Co., UK

Ramin Lakani is a consultant in the energy sector with 30 years experience in upstream, midstream and downstream projects. He is currently based in Muse, Stancil & Co.’s London office. He has previously worked for Esso Petroleum, Premier Oil, BG Group, Shell, Schlumberger, PetroCanada, GCA, Halliburton & HARPS Marine. A Chartered Engineer, he holds a B.Eng. in Chemical Engineering from University College London, an M.Sc. in Petroleum Engineering from Imperial College London and an Executive Leadership degree from Texas A&M Mays Business School.

Dr. Tilak K. Doshi

Senior Visiting Research Fellow, Middle East Institute, National University of Singapore

Dr. Tilak K. Doshi is Senior Visiting Research Fellow, Middle East Institute, National University of Singapore. Dr. Doshi is an industry expert with over 26 years of international work experience in leading oil and gas companies and think tanks.  

Dr. Doshi is the author of many articles and three books on energy economics, the most recent being the “Singapore Chronicles: Energy” (Straits Times Press, 2016). He received his Ph.D. in Economics from the University of Hawaii on a scholarship provided by the East-West Centre. He was one of two candidates which were granted the 1984 Robert S. McNamara Research Fellow award by World Bank, Washington, D.C.



Crude Oil Supply and Demand

Products Manufacturing Technology

Crude Oil Types and Quality Assays

Refining Costs and Yields

Product Types and Quality

Marginal Refinery Configuration

Tankers, Terminals and Transport

Refining Capital Costs

Crude Oil and Products Pricing

Forecasting and Outlook

Refinery Economic Analysis


Who Should Attend


Financial Analysts


Crude Oil Marketers

Petroleum Analysts


Refinery Finance Executives

Technology Suppliers

Project Developers

Commercial Business Analysts

Crude & Products Managers

Products Supply & Distribution Executives

Strategic/Business Development Managers

Financial Institutions/Energy Lenders

Investment Analysts


E&C Firms/Economic Feasibility Analysts

Crude Producers

Why Should You Attend

  • Understand how location, configuration and crude oil supply contribute to refining profitability
  • Identify new refinery project opportunities and learn how to maximize their commercial value
  • Discover how to develop new opportunities and reduce their operating, technical, and commercial risks
  • Find out how refinery configurations affect petroleum product prices worldwide
  • Improve your understanding of the role logistics plays in refinery profitability
  • Learn how to interpret published information on the refining industry and refining companies
  • Identify key methods of comparing refinery competitive strengths.
  • Understand the nature of petroleum markets, market cycles, and their global interconnectivity
  • Discover how refineries can be modified to become more profitable
  • Learn why refineries prefer different types of crude oils
  • Find out how trends in petroleum demand force refineries to invest
  • Hear about key issues driving refinery investment in the current market


Media Sponsor

Get In Touch With Us!

+65 6338 0064

Please fill the form to access this content.

By completing these details, you are consenting to our retention of your personal data on our databases.

All fields are mandatory