Refinery Economics and Profit Improvement

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1–3 May 2018
Bahrain
Ensuring Profitability in an Ever-Evolving Global Energy Scenario

In the contemporary refining world, where process technology, profitability improvement, data management and global business aspects of the industry are inseparably linked, it is vital that all technical staff understand the key business components, and are trained in varied disciplines. This will unlock the refiner’s technical and business potential, its profitability and reliability.

This training course is unique in that it provides insight into many aspects of operating a modern refinery in today’s world, incorporating processing, optimisation, energy and oil loss reduction, and knowledge management, all in the framework of a truly global business.

Learn from one of the world's leading experts

Zoran Milosevic
Professor of Chemical Engineering at the University of Surrey

Dr Zoran Milosevic

Dr Zoran Milosevic is currently professor of Chemical Engineering at the University of Surrey (United Kingdom). Prior to that he was Principal Consultant with KBC Process Technology for the last 25 years, in which capacity he surveyed more than 60 global oil refineries and petrochemical plants conducting process optimisation, profit improvement and energy optimisation studies.

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Benefits of Attending

  • Understand refinery processing options and refinery economics
  • Appreciate how crude oil choice, the desired products and the technology interact
  • Apply methodology of optimisation and profit improvement in key areas of yield and energy
  • Apply the analytical tools to key areas of refinery management
  • Explain the use of advanced technologies in refining, control and data processing
  • Understand how to achieve and sustain excellence in refining

Who Should Attend?

The course is suitable for all refinery technical personnel, including:

  • Operations’ process engineers and process managers
  • Technical services engineers and managers
  • Refinery Planners

Course Format

The course is presented in a highly participative format. The trainer will start with some basic principles, requiring interaction and discussion with the delegates. Actual case studies, discussions and interactive analyses will ensure that the course content is both engaging and interesting.

Registration & coffee will start at 8:00am on Day One. The course will run for three days, starting daily at 8:30am and finishing at 4:00pm. There will be two coffee breaks and a seated buffet lunch on each day.

Agenda Key Highlights
  • Introduction and Objectives
  • Introducing the Topic - The Concept of Refinery Economics
  • Industry Challenges
  • Evaluating Regional Players and their Positions
  • Global Energy, Global Oil
  • Crude Oil, Characteristics, Pricing
  • Products and Characteristics
  • Oil Refinery, Configurations, Yields
  • Introduction to Profitability
  • Adding Value
  • Excellence in Refining
  • Marginal Economics
  • Profit Improvement Procedures
  • Yield Optimisation
  • Workshop: Process Review of a Crude Distillation Unit
  • Energy Cost Reduction
  • Improving RAM
  • Managing Oil Loss
  • Improving Planning and Scheduling
  • Realising the Benefits, Managing Change
  • Petrochemicals Integration
  • Models of Refinery Integration
  • Operational Excellence Management Systems (OEMAS)
  • Effective Use of Big Data
  • Knowledge Management
  • Industry Outlook

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