Training
Consulting projects for companies and government agencies are often associated with training and institutional strengthening. We provide clients, through high quality industry – specific training, with the necessary competencies to understand the market, improve performance and make a positive contribution.
CITAC has been offering training courses in the International Oil industry since 1998 and, since then, has been involved with the training of over 150 African oil professionals for governments, refineries and state oil companies from 16 African countries from Mauritania to the Republic of South Africa. We believe that we are the only training organisation to specialise in Africa trading and that our Africa trading backgrounds makes us unique.
The dramatic changes in African markets have meant that not only oil companies but also financial institutions are keen to understand the international dynamics of the international trading business.
The wide-ranging expertise of CITAC’s staff and associated consultants enables both theoretical and practical training to be tailored to meet the client’s requirements. This in-depth, intensive training takes the form of a mixture of classroom and practical activities.
Courses and workshops:
Fundamentals and Advanced Trading Courses
CITAC currently offers two categories of oil trading course, at “Fundamentals” and “Advanced” level which are designed for the African market. These courses are presently held in London or in Ghana although CITAC is extending its training locations to include Casablanca, Morocco and Nairobi, Kenya.
CITAC typically organises 6 courses per year, with both fundamentalsn and advanced courses offered in both French and English.
CITAC aims, where possible, to group delegates from a variety of backgrounds and countries, to enhance the learning and networking process. In addition to gaining new knowledge and skills, the participants benefit from small-group interaction with seasoned oil industry professionals and are also presented with the opportunities to expand their personal contacts network.
The Oil Market Fundamentals course gives a comprehensive insight into the crude oil and products trading markets.It is designed for those interested in gaining a thorough understanding of the International oil trading business.
Click here to see the typical fundamentals course curriculum
CITAC’s Advanced Trading Techniques course follows on from and expands upon the concepts and methods learnt during the CITAC Foundation Oil Trading Course. The course explains and covers the use of Risk Management instruments to mitigate price risk and covers in greater detail the impact of contango and backwardated markets.
Participants will learn methods to limit or off set price risk either directly or with their counterparties. It assumes a prior knowledge of oil trading and it is recommended that participants without experience attend a CITAC Foundation Oil Trading Course prior to enrolling.
Bespoke courses
CITAC also organises bespoke training courses for clients upon request. We have completed in-house training programmes for:
- PetroSA - South Africa
- NNPC - Nigeria
- SIR refinery - Cote d’Ivoire
- Vitol - Switzerland
Training courses tailor-made for clients requirements are subject to availability and negotiation.
Workshops
CITAC arranges Downstream Workshops at the annual AFRICA REFINERS WEEK held in association with the Africa Refiners Association (ARA).
CITAC understands that a wide range of skills is necessary to equip energy professionals for success. Course participants will:
- Explore the intricacies of International Energy Markets
- Gain an insight into supply and demand in African markets.
- Learn about price discovery mechanisms
- Understand chartering and freight
- Get an overview of Oil Refining and Oil Products markets
- Be introduced to Futures Markets and Risk-Management strategies
- Define the roles of Trading Companies, shipbrokers, Banks, Refineries, etc, in International Trading.