Petrochemicals: Production and Trading

  • Course Details:

    Ref: ST25 Length: 2 Days
    Location: London Price: £1350 excl. VAT

Introduction

The Petrochemicals: Production and Trading two-day course reviews the background of supply, refining and transportation, the course focuses on the key markets, pricing and the mechanisms involved in trading. Aspects of the various exposures encountered in trading are covered together with an introduction to price risk management.

Who should attend

The Petrochemicals: Production and Trading course is ideal for petrochemical company staff who interface with production and trading sector and require a better understanding of trading practice, such as management accounting, financial control, treasury, supply or production functions and for those entering the trading arena.

Course Content

Industry Structure 

  • Petrochemicals related to refining, gasoline and fuels

Petrochemical Economics

  • Costing: cash and full costs, variable and marginal costs, cost curves and competitor cost structure
  • Pricing, price setting mechanisms, price monitoring

Developments in International Trade

  • Current international trade patterns
  • The problems facing new producers, impact on Europe
  • Petrochemical tariff trends
  • Expected inter-regional trade trends

Petrochemical Pricing Mechanisms

  • Who are the players, who set the price?
  • What are the different price mechanisms: contract, cost plus, spot,  real time etc. & what are the risks involved?
  • Uncertainty: Events/Exchange RatesSupply & Demand ( cyclicality & volatility)
  • Why is liquidity important
  • Regional or Global Prices?Co-/By-Products complicate cost structures

Commercial and Financial Risk Management – Best practice 

  • Petrochemical Risks – the process, operation and maintenance
  • Petrochemical Tariff and various Risk Management measures incorporated in the tariff  
  • Special aspects of loss of profits insurance of these risks 

Learning Outcome

By the end of the course, participants will be able to:

  • Understand the structure of the oil markets and pricing
  • Keys to trading: product quality, freight costs and refining process
  • Develop successful trading strategies

Want to make an enquiry on Petrochemicals: Production and Trading Training Course?

Please call us on +44 (0) 207 112 4846, email us at training@boc-uk.com or complete our on-line form below.

Small Classes

With small class sizes, much more individual attention can be given to each delegate.

Competitive Pricing

We believe our prices are very competitive and our quality is second to none.

Friendly Staff

Our friendly Customer Support team is here to help you with every step of the way to make your BOC experience comfortable and welcoming.

WAYS TO REGISTER FOR OPEN SPECIALISED TRAINING COURSES

Course registrations can be made via our website either from individual course pages or through our booking page.

Alternatively, you can download and complete course application form and send via email: training@boc-uk.com or        fax: +44 (0) 207 112 4845 Call: +44 (0) 207 112 4846

BOC APPROACH

Why Choose BOC?

Commitment to Quality

We strive to provide the best service possible, with the highest regards to quality and professionalism.

Different trainers every day

Each day we have different trainers to maximise the experience sharing.

Kindle for every BOC Delegate

to promote paper free environment, we are giving Kindle Fire to our delegates instead of the course binder.

Luxury Course Venue

All our Training Courses take place at the luxury 4-5 Star hotels located in central London

Certificate of Achievement

At the end of the programme participants will receive a certificate of achievement.

FREE On-going Support

Each delegate receives unlimited support from the trainers after they attended the course with us.

TAILORED MADE / IN-HOUSE MANAGEMENT TRAINING COURSES

All of our open courses can also be run as bespoke courses, tailored to your organisation's specific needs and requirements. Our Tailored Management Training comes in many formats from one-to-one through to fully customised company wide programmes.

To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846

ONE TO ONE COACHING & MENTORING

All of BOC open courses can also be run as One to One Training Sessions, where delegate gets a dedicated trainer for their specific learning requirements. This mode of training is highly preferred by those who need undivided attention of the instructor for a fulfilling learning experience. The courses can be tailored to suit the individual needs of the organisation and the delegate.

To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846

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RELATED COURSES

The Introduction to Petrochemicals two days workshop will give the participant knowledge of the upstream and downstream nature of the petrochemical industry, necessary to understand what is happening in the chemical markets and predict how different events will affect the business, whether buying or selling chemicals.

The Petrochemical Markets: Managing Commercial and Financial Risk two-day course provides an understanding of petrochemical commercial and financial risks. Participants will analyse the production and supply costs which will highlight the price determining mechanisms and opportunities for profits in the industry.

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