REFINERY ECONOMICS AND MARGIN IMPROVEMENT

The program begins with a detailed discussion of crude oil and products, including commercial transactions, which may have a large impact on refinery economics. The presentation then moves into the refinery to explore the effects of crude oil type on refining yields and to examine the interactions between crude oil selection and refinery complexity. The following sessions provide an understanding of how refining configuration and product markets affect refining margins.

Areas in which refinery margins can be improved are examined, beginning with refinery reliability. LP tools and techniques involved in short term planning are covered as are opportunities to improve margins by optimizing refinery unit operations. Cost reduction issues such as energy conservation and reducing refinery losses are explored. The program wraps up with a session on long term trends in the petroleum industry.

The sessions will be presented by Mr. Alan R. English, an independent consultant, with over 40 years of experience in the petroleum refining industry. He has an extensive background in petroleum refining technology and optimization.

This program combines a survey course, designed for anyone interested in the economics of the petroleum refining industry, with a more in-depth look at opportunities to improve refinery profit margins. It is ideal for refinery planning personnel, refinery engineers, product marketers and those in refinery coordination groups. Personnel from LP modeling companies, financial and insurance firms, service and consulting companies, catalyst suppliers and government agencies will also find the program informative and very useful.

 

PROGRAM OUTLINE

 

1. Introduction

 

•Refinery Accounting

 

 

2. Crude Oil

 

•The Nature of Crude

 

•Crude Oil Products

Distillation

 

 

3. Refinery Configuration Effects on Profits

 

 •Yields

 

 •Economics

 

 

4. Crude and Product Supply and Demand

 

 •Crude Supply and Demand

 

 •Product Supply and Demand

 

 

5. Crude Markets and Transactions

 

  •Crude Oil Pricing

 

  •Buying and Selling Crude Oil

 

 

6. Product Markets and Transactions

 

•Products and Product Specifications

•Refinery Markets

 

•Selling Products

 

 

7. Short Term Planning

 

•Refinery Simulation and LP Tools

•Crude Oil Evaluations 

•Variance Analysis

 

 

8. Optimization of Major Process Units

 

•General Considerations

 

• Unit Optimization

 

• Key Unit Optimization

 

 

 

9. Long-Term Planning

 

•Comparison to Short-Term Planning

 

•Tools

 

•Scenario Development

 

 

10. Environmental Issues

 

•Fuel Regulations

 

• Environmental Regulations

 

11. Reliability & Maintenance

 

•Value of Improved Reliability

 

•Turnaround Optimization

 

•Routine Maintenance Optimization

 

12. Energy Optimization

 

•Refinery Uses of Energy

 

•Optimization Versus Minimization

 

•Energy Costing

 

•Pinch Analysis

 

 

13. Oil Loss

 

• Loss Accounting

 

 

14. Industry Trends

 

•Using Trends

 

•Utilization

 

•Margins

 

•Energy Demand

 

 

 

PROGRAM SPEAKER

Alan R. English

an independent consultant, has over 40 years of experience in the petroleum refining industry, having worked for Gulf Oil, Chevron, Sun Company and KBC Advanced Technologies. He has provided troubleshooting, technical support, optimization consulting and training to more than 40 refineries in North America, South America, Europe, Asia and the Middle East. While at Gulf and Chevron, Al was involved in the development and commercialization of the Tin additive for Vanadium passivation and the Bismuth additive for Nickel passivation. He has authored or co-authored 13 publications and has served on the NPRA (now AFPM) Q & A Panel twice. He holds three US patents. He has a BS degree in Chemical Engineering from Lehigh University and has an Executive Masters degree in Technology Management from Stevens Institute of Technology. Al is a licensed Professional Engineer in Pennsylvania.