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.
Conducted over FOUR HALF-DAY sessions
15, 16, 19 & 20 October 2020 | 8.30am to 1pm* (Singapore time)
*Inclusive of half-hour break
Muse, Stancil & Co.
Mr. Tod McGreevy has over 29 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.
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 25 years of international work experience in leading oil and gas companies and think tanks.
His previous appointments include Managing Consultant at Muse, Stancil & Co (Asia); Chief Economist, Energy Studies Institute, National University of Singapore; Senior Fellow and Program Director, King Abdullah Petroleum Studies and Research Center (KAPSARC, Riyadh, Saudi Arabia); Executive Director for Energy, Dubai Multi Commodities Centre (DMCC, UAE); Specialist Consultant, Saudi Aramco (Dhahran, Saudi Arabia); Chief Asia Economist, Unocal Corporation (Singapore); Director for Economic and Industry Analysis, Atlantic Richfield Corporation (ARCO, Los Angeles, U.S.).
Dr. Doshi is the author of many articles and three books on energy economics, the most recent of which was “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., and he received a Distinction for MA in Economics by Victoria University of Wellington, New Zealand in 1982.
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
Crude Oil Marketers
Refinery Finance Executives
Commercial Business Analysts
Crude & Products Managers
Products Supply & Distribution Executives
Strategic/Business Development Managers
Financial Institutions/Energy Lenders
E&C Firms/Economic Feasibility Analysts
Extensive refinery hands-on knowledge
Content is great. Covered much information we need on our business
Wide range of relevant topics covered. Classroom examples and very useful take home spreadsheets
Deep technical material and extensive
Instructors know in-depth about the course material and very passionate about delivering information
This course gave valuable information and materials essential for a better understanding of refineries
Highly recommended for non-technical personnel
Good eye opener for non-technical