Related Courses
REFINERY ECONOMICS AND MARGIN IMPROVEMENT
Summary:
This course provides participants with a strong foundation in economic principles as they relate to the petroleum refining industry. Participants will gain insight into how economic fundamentals shape refining decisions and influence profitability in the broader market. By the end of the course, attendees will be equipped to use economic thinking to support business success and refine operational strategies for optimal financial outcomes.
Course Benefits:
Upon completion of this course, participants will be able to use fundamental economic thinking and concepts to support business profitability and success. They will:
§ Develop a baseline understanding of economic fundamentals
§ Connect those fundamentals to petroleum refining and the broader market
§ Understand how to connect these concepts with business success
Course Contents: 1. Introduction:
v An Economic Overview of a Petroleum Refinery
2. Economic Basics:
v Crude and Feedstock Pricing
v Product Pricing
v Environmental and Regulatory Impacts on Refinery Economics
v Crude and Product Logistics
v Economic Risk Management
3. Economic Optimization:
v Operations Planning
v Crude Evaluation
v Competitive Analysis
v Refinery Investment Decisions • Models and Tools
Target Audience:
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.
Pre-Requisites:
While there are no strict prerequisites, a basic understanding of refinery operations or experience within the energy sector will be helpful. Participants should be prepared to engage with fundamental economic principles and their application to refining processes.
Instructor:
Jean-Gaël Le Floc'h Jean-Gaël Le Floc'h serves as Manager of Europe Operations with over 25 years of expertise in process consulting within the oil and gas industry, focusing on supply chain, midstream, and downstream refining activities. Fluent in English and French, and proficient in Spanish and German, Mr. Le Floc’h has built a reputation for delivering technical and strategic solutions to refineries and oil and gas companies worldwide.
Throughout his career, Mr. Le Floc'h has led projects in areas such as refinery configuration, feasibility studies, and margin improvement through energy and yield optimization. He has advised on capital employed optimization, supply chain, logistics, and asset integrity assessments. His work has spanned due diligence for mergers and acquisitions, the development of dynamic simulators for operator training, and the implementation of ISO 9001-2000 quality standards.
In addition to his technical acumen, Jean-Gaël has been actively involved in business development, client prospecting, and managing consultancy projects, with budgets reaching up to €3 million. He has presented at international conferences, contributed to downstream operational excellence communities, and participated in research on advanced hydrocracking technologies.
Mr. Le Floc'h holds a Bachelor's degree in Chemical Engineering and a Master's degree in Refining, Petrochemicals, & Gas from the National Polytechnical Institute of Grenoble (INPG). He is also a member of EVOLEN, the French Association of Petroleum Professionals.
