Economics of the Oil Supply Chain

During this five-day program, delegates explore the various activities of an oil company and the economic forces driving the oil supply
chain. They will also learn the main areas of risk and opportunity from the crude oil supply terminal, through transportation, refining, and
international trading to the refined product distribution terminal.
Through exercises in a fictional refinery, delegates learn the quality aspects of product supply, refinery process economics, and the effects of
upgrading. They will examine blending as a means to meet quality requirements at optimal cost and construct a processing deal. Additionally,
the program provides an overview of international markets, trading, and different methods of price risk management.
This program is an essential foundation for people entering the oil industry or for those with single-function experience looking to broaden
their knowledge. It also forms the basic building block for the other downstream courses. Numerous exercises are carried out in teams, with
comprehensive debriefs studying the consequences of the decisions made.