International Oil Supply, Transportation, Refining and Trade
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International Oil Supply, Transportation, Refining and Trade Course
Introduction:
In the dynamic world of the oil industry, understanding the intricacies of the oil supply chain is essential for professionals across various disciplines. Whether you are new to the industry or transitioning to a different role, our course offers a comprehensive overview of the oil supply chain, covering everything from upstream economics to the retailing of oil products.
This course serves as an ideal resource for induction programs, providing newcomers with a solid foundation in the oil supply chain. It is also valuable for professionals who are shifting disciplines within the industry, offering them an opportunity to quickly gain expertise in this specific domain.
Throughout the course, participants will explore the various stages of the oil supply chain. Starting with upstream economics, they will learn about the exploration, extraction, and production of crude oil. Moving down the chain, participants will delve into the transportation of crude oil from its source to the refinery, understanding the logistics and challenges involved in this critical phase.
The course also covers the crucial aspect of processing, where participants will gain insights into the refining and transformation of crude oil into various oil products. They will explore the refining processes, product specifications, and quality control measures necessary to meet market demands.
Furthermore, participants will receive an introduction to the trading aspect of the oil supply chain, understanding the complexities of oil markets, pricing mechanisms, and risk management strategies. They will also explore the retailing of oil products, gaining insights into distribution channels, marketing strategies, and customer service practices within the industry.
By the end of the course, participants will have a comprehensive understanding of the entire oil supply chain, from upstream economics to the retailing of oil products. They will be equipped with the knowledge to navigate this complex industry, grasp the interdependencies of each stage, and contribute effectively to their respective roles.
Join us in this enlightening course to gain a comprehensive overview of the oil supply chain. Whether you are new to the industry or seeking to broaden your understanding, this course will bring you up to speed and provide you with the necessary insights to excel in the fascinating world of the oil supply chain.
Course Objectives:
The structure of a refinery will be explained in the context of the need to produce marketable products. Key aspects of product quality will be covered together with the major refining processes needed to achieve them. The refining interface with petrochemicals and retail/distribution will also be covered.
Who Should Attend?
This course is designed for project managers, plant managers, plant supervisors, technical staff, and contractor personnel involved in shutdown execution and plant startup in any process industry.
Course Outlines:
- Refinery fundamental analysis
- Energy Chain principles
- Wells characteristics
- Safety Practices
- How to value of crude oil based on product market prices
- How to evaluate spot tanker freight costs
- How tankers are chartered
- How oil and tanker contracts are structured
- How to evaluate netbacks
- Process plants characteristics
- Process Overview
- How a refinery is structured
- The refinery petrochemical interface
- The interface with retail, industrial and transportation markets
- The key points on product quality
- How key specifications are met
- Compensation for Products
- Fundamental economic drivers of the downstream
- How the international oil markets are priced
- The basic use of hedging within a trading environment