Refining Economics: A 2-Day Course

Gain an In-depth Understanding of How Refineries Make Money and What Affects Refining Investment

Location: The Kingdom of Bahrain

Venue: Four Seasons Hotel Bahrain Bay (Check The Map)

Starts: 18 Nov 2020

Ends: 19 Nov 2020

Type: Course

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MPGC Week 2020 from 15 to 19 November

The Refining Economics (RE) Course, held in conjunction with MPGC Week 2020, originally scheduled for 1 – 2 April 2020, has been re-scheduled to 18 -19 November 2020.

This announcement follows our earlier communication on the postponement of MPGC 2020, following the global outbreak of COVID-19. Our top priority continues to be the safety and well-being of all stakeholders in the MPGC community from over 50 countries that have given their annual support and commitment to the conference.

Six other Middle East Petroleum & Gas Week 2020 events being held in the same week, will also be re-scheduled to 15 – 19 November 2020:

Conference Connection is fully committed to delivering a successful conference and all the week’s activities for NOCs, IOCs, Traders, Analysts, Refiners, Financial Institutions, Ship owners, Technology and Service Providers to discuss the direction of the global oil markets.

For further inquiries and clarification, please contact us Tel: +65 6338 0064 or Email:


  Held in conjunction with the MPGC Week Events 2020

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.


Participating Companies 2019

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

Course Director



Crude Oil Supply & Demand

Refining Costs and Yields

Crude Oil Types and Quality Assays

Marginal Refinery Configuration

Product Types and Quality

Refining Capital Costs

Tankers, Terminals and Transport

Environmental Compliance

Crude Oil and Products Pricing

Forecasting and Outlook

Crude Oil & Refined Product Pricing Exercise

Refinery Economic Analysis

Products Manufacturing Technology

Transactions and Closures

Products Blending Exercise

Refinery Valuation Team Exercise

Upcoming Venue

Led by Mr. Tod D. McGreevy, Vice President, Muse, Stancil & Co.,USA from 7 – 9  September 2020 in Hotel Jen Tanglin, Singapore


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


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Get In Touch With Us!

+65 6338 0064
+65 6338 4090

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