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Fundamentals of the Petroleum Industry

By: Budding Heights Development Company

Lagos State, Nigeria

21 Nov - 02 Dec, 2016  12 days

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NGN 300,000

  • Crude Oil: Exploration to production
  • Refining: The process from basic distillation to complex hydro-cracking
  • Pipeline transportation
  • Trading in the intermediary markets and the critical role these components play in the downstream infrastructure
  • Wholesale rack markets and exchanges: We’ll highlight everything from proprietary additives to exchange agreements between oil suppliers used to keep our nation supplied

Course Objective

  • Upstream crude fundamentals
  • Exploration and production trends transforming the industry
  • Refinery processing basics
  • Refined product flow from the refinery to the street
  • Critical price benchmarks
  • Basics of trading and risk management
  • Valuation of refined products
  • Spot market; Wholesale rack market; Retail landscape
  • Deal strategy, structure and traditional and non-tradition purchasing
  • Key players
  • Fundamental pressure on price and supply
  • Technical pressures on price
  • Political pressure on price and supply
  • Downstream trends and current market outlook
  • Simple, complex, and very complex refinery configuration
  • Terminology
  • Pipeline transportation and U.S. spot markets
  • Gas station and truck stop retail trends, brand value, margins, and pricing components
  • Branded vs. unbranded pricing mechanics
  • Alternative and renewable fuel trends
Best Western Starfire Hotel, 128 Joel Ogunnaike Street, GRA Ikeja, Lagos Nov 21 - 02 Dec, 2016
NGN 300,000.00
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+234 810 495 1079, +234 701 881 7970