Solomon University’s RES course is not just for the ‘economic analyst;’ it’s also valuable for crude and feedstock traders, product marketers, supervisors, and process engineers.
Dallas, TX (PRWEB) January 09, 2013
Senior consultant Joe Barth of Solomon Associates, the leading performance improvement company for the global energy industry, is conducting a two-day Refinery Economics Seminar (RES) in conjunction with Haverly Systems’ Middle East 2013 Technical Seminar & Courses, February 10–12, in Abu Dhabi, U.A.E.
The RES course teaches participants how to improve profitability by providing hands-on examples that demonstrate Solomon’s unique approach to the complexities of marginal economics and Linear Program (LP) models.
The seminar is being offered through Solomon University, a technical and management training resource for industry professionals. Solomon University’s curriculum is based on an unrivaled library of industry best practices, proven methodologies, and real-world experience. It presents an ongoing series of public and private seminars held around the world.
“Solomon University’s RES course is not just for the ‘economic analyst;’ it’s also valuable for crude and feedstock traders, product marketers, supervisors, and process engineers,” said Barth. “Participants will learn and discuss best practices for maximizing refinery and petrochemical profits.”
The seminar is intended for anyone who takes part in the development of refinery operating plants or helps decide business strategy. No prior knowledge of refinery economics or use of LP models is required to attend.
Topics covered in the seminar include:
- Differences between average and marginal costs
- How to calculate refinery netback prices
- Why the “herd mentality” is so common in the industry
- How to use LP models to guide decision-making
- How to evaluate crude and feedstock purchase opportunities
- How to evaluate incremental product sales
- Limitations of shadow values
- Planning and optimization best practices.
A senior consultant, Barth has been with Solomon since 2004. His career includes 33 years with ExxonMobil in the planning and optimization of refining and petrochemical complexes.
Haverly Systems hosts the three-day technical conference in cooperation with Enterprise Business Systems and Solomon Associates. The event will bring together experts in planning, crude assays and scheduling.
Solomon’s RES course will be held February 11–12 at the Crowne Plaza on Sheikh Hamdan Street in Abu Dhabi, U.A.E.
For more information or to register to attend, visit http://www.haverly.com/events-listing.
About Solomon Associates
Based in Dallas, TX USA, Solomon is the world’s leading performance improvement company for energy companies seeking to identify and close gaps in operational performance. Combining proven, patented methodologies with objective data analysis, and led by a team of energy consultants with significant hands-on operational experience, Solomon consistently helps clients with capital-intensive assets achieve greater efficiencies, enhanced reliability, and improved margins. Solomon’s energy consulting and benchmarking studies apply to petroleum refineries, chemical plants, pipeline and terminals, gas plants and power plants. Solomon is part of HSB Group, Inc. Learn more about Solomon’s energy benchmarking and consulting services at http://www.SolomonOnline.com.