The Oxford Princeton Programme Develops a Unique Refining, Trading and Supply Course: Bringing together the principles of refinery economics and international oil trading, this course is the first of its kind to be offered by any training organization
PRINCETON, NJ (PRWEB) June 10, 2004 -- The Oxford Princeton
Programme, the world’s leading provider of training solutions to the energy,
commodity and derivatives industries, announces its newest course The Synergies
of Refining, Trading and Supply. Debuting in Singapore, the course covers
refinery economics, linear program (LP) modeling, latest refinery technologies
and future challenges, but is complimented with international trading techniques
and how these techniques can be applied to the refinery operations.
Demonstrating how advanced oil trading techniques are applied to maintain
economic incentives, the course explores capital investment and project
valuation.
“Refinery economists and planners generally use LP models to
optimize the crude oil slate, refinery operations and products. In preparing an
LP model, assumptions are made regarding both current and future crude oil and
product prices, however prices change, and an earlier optimal solution may no
longer be the most favorable,” explains Ian Holdaway, international consultant
and partner/technical director of Cambrian Marine Processing. “The Synergies of
Refining, Trading and Supply illustrates how advanced oil trading practices can
be applied to "lock" and maintain the economic incentive of the refinery LP
solution, both short and long term – a concept never before provided in a
training course."
Co-presenters, Ian Holdaway and Neil Richardson are
active consultants in the energy industry.
Dr. Ian Holdaway is an
international consultant in the downstream oil industry and Partner / Technical
Director of Cambrian Marine Reprocessing, a company specializing in the on-site
reprocessing of contaminated petroleum and petrochemical cargoes. After
graduating with a PhD in industrial chemistry, Dr. Holdaway joined Esso working
in research, marketing and corporate planning before transferring to refining,
where he was responsible for refinery operations planning. He soon joined supply
logistics where he was managed imports and exports to Esso's two UK refineries
and the transportation of refined product to Esso's mainland marketing
terminals. In this role, Dr. Holdaway also oversaw product tanker chartering,
including outchartering of Esso's five GP product tankers. After 11 years he
joined J Aron, the commodity trading division of Goldman Sachs, where, as
trading operations director, he directed all aspects of J Aron's international
trading operations within the European and Far Eastern offices.
Neil
Richardson is an associate consultant to Nexant, the Bechtel-affiliated global
energy consulting and technology firm. Based in Brussels, he currently partakes
in oil and gas projects and in handling relations with EU institutions. Prior to
working with Bechtel/Nexant, he spent 24 years with BP in operational and
strategic planning, followed by three years at the Directorate-General for
Energy of the European Commission working on EU oil and gas strategy and
assistance programmes to former Soviet bloc countries. He recently managed a
major study for the Commission on the costs to EU refiners of tighter oil
product specifications.
The Synergies of Refining, Trading and Supply is
five-day intensive course. The first scheduled date will be August 16-19, 2004
in Singapore and November 29-December 3, 2004 in London, UK.
About The
Oxford Princeton Programme
The Oxford Princeton Programme is the world’s
leading provider of training solutions to the energy, commodity and derivatives
industries. In addition to PrincetonLive.com, which offers more than 20 energy
and commodity web-based training modules, The Oxford Princeton Programme
provides more than 70 instructor-led training courses. Courses include views of
oil, power, liquefied natural gas and a variety of other energy, commodity and
derivatives topics for both technical and moderate audiences.
For a
complete list of courses and for other information, visit http://www.oxfordprinceton.com.
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Source : http://www.prweb.com/releases/2004/6/prweb132109.htm