Online Courses

Refining Package – Get both Refinery Basics and Refinery Economics

Order now and save $50 and start viewing both refining online programs. This offer combines EMI’s complete Refinery Basics and Refinery Economics online programs. Duration 210 Minutes

Full Course Description

Refinery Basics Program – Part I

You will leave this course with a solid and immediately useful understanding of:

  • What a refinery is.
  • The lifeblood of a refinery—crude.
  • A tour of the key processing units in a refinery.
  • A discussion on gasoline.

This is one of the premier starter courses into the world of refining. You will be exposed to many of the essential terms and concepts and to how a refinery works. You will be introduced to naturally occurring crude oil products as well as those products produced by chemical alteration. You’ll also learn how these products are treated and how they are blended and made ready for distribution into the market.

What You Will Learn

Are you in the energy industry, or do you work in a related industry that relies on energy ( i.e. financial trading)? If so now is the time to expand the depth of your knowledge. This critical online program introduces many topics that are of special interest to the energy and energy- related community. The program is filled with an extraordinary amount of valuable information for those who want to understand how a refinery works to better understand the relationships of crude oil with finished oil products. A short listing of some of the things you will learn and be exposed to follows:

  • What a refinery is.
  • Crude oil—the feedstock.
  • Introduction to key refinery processes.
  • Gasoline blending.
  • Simple, complex and very complex refineries.
  • Distillation.
  • Cracking.
  • Coking.
  • Alkylation, reforming and isomerization.

Refining Economics Program – Part II

You will leave this course with a solid and immediately useful understanding of:

  • Basic refinery economics.
  • Economic Optimization/LP Model.
  • Netback economics.
  • Financial instruments – crack spreads.

This is one of EMI’s premier online courses into the world of refining economics. You will be exposed to the various economic calculations around a refinery as well as which sector of the industry is using which type of economic analysis. You will understand the pure economics of a refinery as well as alternative economic calculations that are used to optimize refinery operations and  feedstock acquisitions.

What You Will Learn

Are you in the energy industry or do you work in a related industry that relies on energy (i.e. financial trading)? If so, now is the time to expand the depth of your knowledge. This critical online program introduces many topics that are of special interest to the energy and energy-related community. The program is filled with an extraordinary amount of valuable information for those who want to understand the economics of a refinery, how to interpret the economics and how to use them for operational , hedging and speculative decisions. A short listing of some of the things you will learn and be exposed to follows:

  • Cost of refining construction.
  • Detail of all of the operating costs.
  • Fixed and variable costs.
  • Refinery margin calculations.
  • Refinery optimization using linear programming models.
  • Calculation of netbacks.
  • Interpreting netbacks.
  • Crack spread calculations.
  • Interpreting crack spreads.
  • Using crack spreads from various perspectives.

General Audience – Presented from the perspective of refiners, traders and supply analysts.

Industry Segment
Course Level
Introductory
Competency Path
Course Type
Online