ETEM05 - Downstream Management
ETEM05 - Downstream Management
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Program : Petroleum Economics and Management
Content
Presentation
TU05_ETEM 2023-2024 A.TEHRANI_Refining Business & Optimization
TU05_ETEM 2023-2024_P.COWLING_Optimization (Linear Programming)
TU05_ETEM 2023-2024_E.BOYER_Natural Gas Economics & Management
TU05_ETEM 2023-2024_S.DUBOIS DU BELLAY/E.MORIN_Natural Gas Economics & Management
TU05_ETEM 2023-2024_R.MAJOR_Natural Gas Contracts
TU05_ETEM 2023-2024_N.HOUDART_Refining Project
TU05_ETEM 2023-2024_V.GORDILLO_Life Cycle Assessment
TU05_ETEM 2023-2024_J-B.RENARD_Corporate Management & Energy Transition
TU05_ETEM 2023-2024_R.ZAMAN_Petrochemicals
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LEARNING OBJECTIVES
- Understand the main economic characteristics of the refining and petrochemical industries and the economic mechanisms of refining operations, with the concepts of refining margins and volatility.
- Apply the linear programming theory and more precisely the simplex algorithm, a widely used algorithm to solve the linear programming models.
- Understand the importance and meaning of marginal costs (dual values).
- Be able to write a linear programming model and analyze the optimal solution and validity limits and use industrial software to optimize the operations of a conversion refinery
- Analyze natural gas value chain and markets
- Arbitrage between LNG and pipeline for natural gas transportation
List of speakers
Sébastien BIANCHI
Victor COURT
Arash FARNOOSH
Sidney LAMBERT-LALITTE
Frederic LANTZ
Olivier MASSOL
Maxime SCHENCKERY