Refining Economics: A 3-Day Course

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

Location: Singapore

Venue: Hotel Jen Tanglin, Singapore (Check The Map)

Starts: 07 Sep 2020

Ends: 09 Sep 2020

Type: Course

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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

  • S-Oil Corporation
  • Hindustan Petroleum Corp. Ltd.
  • Kuwait Petroleum Corporation 
  • Petron Singapore Trading Pte. Ltd. 
  • Lukoil Asia Pacific Pte. Ltd. 
  • Super Petrochemical (Pvt) Limited  
  • ADNOC Marketing International 


  • PETCO Trading Company Labuan (PTLCL)
  • Aramco Far East Business Services Co. Ltd. 
  • China Aviation Oil (Singapore) Corporation Ltd.
  • Esso (Thailand) Public Company Limited  
  • Sakhalin Energy Investment Company Ltd.  
  • Singapore Refining Company Pte. Ltd.

Course Directors



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


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


Get In Touch With Us!

+65 6338 0064
+65 6338 4090

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