Refining Economics: A 3 Day Course
Gain an In-depth Understanding of How Refineries Make Money and What Affects Refining Investment
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 world markets affect their refineries and why other types of refineries exist.
Course Director
John Vautrain
Founder, Vautrain & Company Pte Ltd
Mr. Vautrain is a chemical engineer with over thirty years’ experience in refinery, gas processing and petrochemical developments. Mr. Vautrain is founder of Vautrain & Company Pte. Ltd, a Singapore-based energy economics consulting firm. Over his consulting career Mr. Vautrain has been stationed in Texas, California and Singapore.
Mr. Vautrain has been consulting since 1981. From 1981 to 2011 Mr. Vautrain was employed by Purvin & Gertz, Inc in Dallas, Texas, Los Angeles, California and Singapore and served as manager of two consulting offices as well as a director of the firm. Before embarking on his consulting career, Mr. Vautrain was with Phillips Petroleum Company and Union Carbide Corporation in petroleum refining and petrochemical manufacturing operations. Mr. Vautrain holds a Bachelor’s degree in chemistry from the University of Texas and a Master’s degree in chemical engineering from the University of Utah.
KEY ISSUES TO BE COVERED
Product Types and Quality
Crude Oil Types and Quality Assays
Crude Oil Supply and Demand
Tankers, Terminals and Transport
Crude Oil and Products Pricing
Crude Oil Supply Exercise
Products Manufacturing Technology
Products Blending and Exercise
Refinery Configurations and Complexity
Refining Costs and Yields
Cash Cost Methodology and Competitiveness
Marginal Refinery Configuration
Refining Capital Costs
Petroleum Products Quality
Environmental Influences and Costs
Refinery Economic Analysis
Forecasting and Outlook
Who Should Attend
Refiners
Financial Analysts
Bankers
Crude Oil Marketers
Petroleum Analysts
Regulators/Government
Refinery Finance Executives
Technology Suppliers
Project Developers
Commercial Business Analysts
Crude & Products Managers
Products Supply and Distribution Executives
Strategic/Business Development Managers
Financial Institutions/Energy Lenders
Investment Analysts
Insurers
E&C Firms/Economic Feasibility Analysts
Crude Producers
Testimonials
Why Should You Attend
- Understand how refineries’ profit depends on location, configuration and crude.
- Evaluate the economic strength of competing refinery installations.
- Understand what governs the success or failure of existing refineries and projects.
- Find out how refinery configurations affect petroleum product prices worldwide.
- Improve your perceptiveness of the value of refinery investments.
- Hear about key issues facing refinery investment over the medium term
- Learn how to interpret published information on the refining industry and refining companies.
- Identify key methods of comparing refinery competitive strength.
- Understand how obvious technology differences affect refinery performance.
- 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.
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