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 500 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:
Regular courses
CITAC currently offers he following courses:
Oil Market Fundamentals
This course gives a comprehensive insight into the international crude oil and products markets. It is designed for those interested in gaining a thorough understanding of the international oil trading business.
Click here to see the course curriculum
Managing Oil Trading Price Risk
The Managing Oil Trading Price Risk course explains and covers the use of risk management instruments to mitigate price risk and gives participants methods to limit or off set price risk either directly or with their counterparties. This course requires a prior knowledge of oil trading and it is recommended that participants without experience attend a CITAC Oil Market Fundamentals Course prior to enrolling.
Click here to see the course curriculum
International Petroleum Shipping and Freight Market
This training, offered in collaboration with Riverlake Shipping SA,is designed to give an insight into the
international shipping market and explores the important issues involved, from vessel
selection, freight costs, chartering strategy and documentation.
This course is designed for
those involved in transportation of oil products and the downstream oil market
activities.
Click here to see the course curriculum
Project Investment Financial Appraisal
This interactive workshop is designed to help participants to understand how to build an evaluation of an investment that will help gain a banker's support for the project. The course focuses on using economic models to develop a clear investment strategy based on quantifiable targets and evaluation of different risks
Click here to see the course curriculum
These courses are presently held throughout Africa: in Nigeria, Morocco, South Africa, Côte d'Ivoire, Tanzania and Kenya, and in both English and French.
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.
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
- A new trading company in North/West Africa: Oil Trading, Operations & Contracts
- An East African marketing company: Investment Appraisal Modelling
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.