- Overview
- Schedule
TRAINING DAYS: | 2 Days | PDH: | 16 Hours |
DISCIPLINE: | Strategic Planning and Process Solutions | LEVEL: | Core Skill |
CATEGORY: | Refining Economics | SUGGESTED EXPERIENCE: | 1–5 years |
TRAINING MAP: | Process Engineer | ||
Levels and experience are guidelines based on topic-specific experience. All courses support foundational and advanced learning.
About:
This course provides a practical understanding of refinery economics and the business drivers that influence refinery profitability. Participants learn how crude oil markets, refinery configuration, planning tools, process optimization, reliability, energy management, and market trends interact to improve refinery margins and support sound business decisions.
What You’ll learn:
Explain the economic principles that influence refinery profitability and business performance.
Evaluate crude oil markets, refinery configuration, product markets, and supply-and-demand relationships.
Apply refinery planning, LP modeling, and optimization techniques to improve refinery margins.
Understand how reliability, maintenance, energy management, and market trends contribute to long-term refinery success.
Who Should Attend:
Refinery Economics & Margin Improvement is designed for refinery planning personnel, refinery engineers, product marketers, refinery coordination groups, and professionals involved in LP modeling, consulting, financial analysis, catalyst supply, or government agencies supporting the petroleum refining industry.
Course Outline:
Introduction to Refinery Economics
Refinery accounting
Economic fundamentals
Business profitability
Crude Oil Fundamentals
Nature of crude oil
Crude oil products
Distillation fundamentals
Refinery Configuration and Profitability
Refinery yields
Configuration impacts
Economic considerations
Crude and Product Markets
Crude Oil
Supply and demand
Pricing
Buying and selling crude
Refined Products
Product specifications
Refinery markets
Product sales
Short-Term Refinery Planning
Refinery simulation
LP modeling tools
Crude oil evaluations
Variance analysis
Process Unit Optimization
General optimization principles
Unit optimization
Key process unit optimization
Long-Term Planning
Comparison with short-term planning
Planning tools
Scenario development
Environmental Considerations
Fuel regulations
Environmental regulations
Reliability and Maintenance
Value of reliability improvement
Turnaround optimization
Routine maintenance optimization
Energy Optimization
Refinery energy use
Optimization versus minimization
Energy costing
Pinch analysis
Oil Loss Management
Loss accounting
Industry Trends
Industry trends
Refinery utilization
Refining margins
Energy demand
Taught By:
Robert Ohmes
Meet The Instructor:
Robert Ohmes has over 30 years of engineering experience in the energy industry, helping domestic and international refining clients improve profitability, evaluate capital investments, and strengthen operations. His expertise includes refinery economics, process simulation with Petro-SIM and HYSYS, technical and economic due diligence, project management, and organizational effectiveness.
At Flint Hills Resources (Koch Refining Company), he supported troubleshooting, unit optimization, project development, and startup. As Regional Operations Manager Americas for an international consultancy, he managed project execution and a team of more than 25 staff. His consulting experience includes developing models for over 150 hydroprocessing units and working with refining organizations across Asia, Europe, the Middle East, and the Americas.