September 1998

Feedstock Management

Manage crude oil quality for refining profitability

Advancements in information technology and analytical methods can lead to vast improvements in refinery economics

Healey, J. F., Consultant; Waguespack, K. G., PricewaterhouseCoopers Global Energy & Mining Group

In several areas of the crude oil supply chain, focused efforts that involve relatively minimal capital investments can result in significantly greater operating profits. In a business where savings of $0.05/bbl do not go unnoticed, we believe that the typical refiner can realize increased profits on the order of $0.25/bbl by improving oil quality management. A two-pronged approach is proposed, which requires attention to both in-house processes and industry supply-chain solutions. Improving in-house processes enables the refiner to maximize asset capability by ensuring that the optimal mix of oils is acquired and each batch of crude is processed most efficiently once it is received

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