2Exhibitions

Attend this practical and interactive four-day training course and enhance your knowledge on the following key areas:
• Crude selection
• Physical oil markets, pricing mechanisms & price exposure
• Introduction to Brent
• Hedging instruments: Forward & futures
• Refinery products & processes
• Swaps
• Dated Brent and the BFO market & CFD's
• Trends & developments
• International product trade flows and transport
• Refinery margins & economics
• Management issues

Plus
• Briefing & refining & trading simulation
• Post refining & trading simulation case study

Learn how to optimise refinery margins and manage the profitability of commercial refining. Everyone associated with refining should be profit focused. This Euromoney Energy Training course will provide in-depth knowledge of the refining business and an understanding of how trading/hedging can improve margins and reduce risk.

How this Commercial and Trading Aspects of Oil Refining course will help you

You will:
• Understand the refinery configurations and main processes
• Define refinery margins and learn about margin evolution and regional variation
• Examine refinery economics and assess refinery profitability and performance
• Develop skills in trading and hedging
• Trade refinery components and feedstocks
• Investigate refining in an environmentally conscious world
• Assess the future of refining

Briefing & Refining & Trading Simulation
An exciting and challenging team exercise run throughout the course, where participants trade and hedge refinery products. The key objective is to optimise margins and manage profitability in fluctuating market conditions.

Course Directors
David Richards has over 30 years experience in the international oil and natural gas business with the BP Group. He gained a breadth of experience in senior management positions within the downstream marketing business in the UK, Europe and South Africa, involving Directorships in a number of BP subsidiaries.

Trevor Christmas has 30 years experience in the energy industry with BP, and more recently, with the IPE. At BP, he held senior management positions in London, Asia and the Americas mainly in trading and downstream. At the IPE, he was responsible for the Exchange's marketing services worldwide in oil, gas and electricity.

Expert Faculty Members
Ian Duckels worked with Shell and BP in Refining, Distribution and Strategic Planning in the UK, South Africa and the Benelux countries and managed BP's Refining and Commercial Operations in Rotterdam. Ian works in energy project development related to oil, power and alternative fuels.

Roberto Ulivieri is currently a Principal Consultant with international energy consultants Purvin & Gertz, Inc. where he provides technical, economic and commercial advice to the firm's clients in the downstream oil and gas industry. His 11 year career began at ENI, in the Process Technology and the Planning departments the Livorno refinery. In 1997 he joined the refining technology group of MW Kellogg and processed to cover the role of commissioning coordinator in a major LNG project. since joining the Purvin & Gertz London office in 2000, he has carried out numerous assignments of various nature on crude oil and refined products markets, refinery projects and refinery acquisition.

Oil Refinery Products, Crude Oil Management Event, Oil Refinery Processes, David Richards, Trevor Christmas, UK