Oil Trading and Operations

This training course gives an insight into the crude oil and products trading markets and, the operations and control of supply contracts, including shipping.

This four day course will cover and discuss the following topics:

  • The operations process
    • Documentation
    • Role obligations and rights
    • Letter of credit
    • Letter of indemnity
    • Cargo inspection
    • Areas of contention
    • Breach
    • Dispute resolution
  • The shipping market
    • Chartering
    • Freight costing and worldscale rates
    • Vessel vetting and nomination
    • AFRA rates and demurrage
  • Refining industry
    • Refining economics
  • Pricing in oil markets
    • Benchmarks and differentials
    • Price makers and price takers
  • Oil fundamentals
    • Industry structure
    • Reserves and supply
    • Demand
    • Factors that affect demand
    • Geography of demand
  • Trading oil
    • Market participants
    • Oil contracts and clauses
    • Product quality
    • Deal negotiations

This course is designed for those interested in gaining a thorough understanding of the
International oil trading business.

Course consultant : Christopher Heilpern, Business and Training consultant

Are you looking for a particular type of training that’s not on our schedule?

We can collaborate with you to create a unique programme that contains all the answers to your questions about operating successfully in the African downstream energy market.

Our highly experienced trainers are able to create theoretical, practical and interactive training courses to build your team’s capacity. Our wide-ranging expertise covers Africa and global trading, operations, supply chain, LNG, shipping, finance and more.

We can also run any of our regular courses in-house for you or to any location you choose, saving you time, money and travel.

The Changing African Downstream Landscape

Africa’s downstream sector is changing fast. Product demand has surged by a third in just ten years, countries across the continent are adopting cleaner fuel specifications while investments in infrastructure have proven to be game-changers. A further 30% increase in demand forecast by 2030, coupled with new refinery projects and a trend of improving regulation have made the African downstream sector a vibrant place and an increasingly attractive growth market for a broad range of players.

CITAC’s interactive workshops on the African downstream will give you the keys to be an active player of these relevant developments, discussing business cases and covering topical subjects, such as:

  • Global Market Developments Impacting Africa – James McCullagh
  • African Supply & Demand, Imports & Exports – Elitsa Georgieva
  • African Oil Product Specifications: Progress and Challenges – Jeremy Parker
  • Supply Chain Optimisation: To Make or Break a Project – Bernardo Costa
  • IMO 2020: Does It Matter for Africa? – James McCullagh
  • Price Structures: What Price is Right? – James McCullagh & Elitsa Georgieva
  • How to Negotiate with a Finance Counterparty – Guillaume Leenhardt & Paul Eardley-Taylor

You will learn about refining, distribution, marketing and financing of African downstream oil and will share experiences with pan-African and international companies.

The CITAC African Downstream Workshops offer you an unparalleled forum for networking with key players in the African downstream sector, including refiners, marketers, national oil companies, regulators, international and local traders, banks, storage and distribution companies, and more.

CITAC African Downstream Workshops will held in at the Century City Conference Center in  Cape Town on 28th and 29th March 2019.

Registration fee : £1,500*

*Discount is available for ARA members and sponsors