The replacement of out-dated technology is the main factor in increasing return on investment and profitability in the oil-refining industry

1970 ◽  
Vol 6 (1) ◽  
pp. 43-44
Author(s):  
M. M. Umanskii
Keyword(s):  
Return On Investment ◽  
Refining Industry ◽  
Oil Refining ◽  
Main Factor

Assessment and Planning of the Electrical Systems in Mexican Refineries by 2014

2011 ◽  
Author(s):  
Luis Ivan Ruiz Flores ◽  
J. Hugo Rodri´guez Marti´nez ◽  
Guillermo D. Taboada ◽  
Javier Pano Jimenez
Keyword(s):  
Power Systems ◽  
Power Plants ◽  
Electrical Power ◽  
Refining Industry ◽  
Oil Refining ◽  
Electrical Power System ◽  
Electrical Power Systems ◽  
New Process ◽  
Process Plants ◽  
Petroleum Company

Nowadays the refining sector in Mexico needs to increase the quantity and quality of produced fuels by installing new process plants for gasoline and ultra low sulphur diesel. These plants require the provision of electricity and steam, among other services to function properly, which can be supplied by the power plants currently installed in each refinery through an expansion of their generation capacity. These power plants need to increase its production of electricity and steam at levels above their installed capacity, which involves the addition of new power generating equipment (gas or steam turbo-generators) as well as the raise of the electrical loads. Currently, the Mexican Petroleum Company (PEMEX) is planning to restructure their electrical and steam systems in order to optimally supply the required services for the production of high quality fuels. In this paper the present status of the original electrical power systems of the refineries is assessed and the electrical integration of new process plants in the typical schemes is analyzed. Also this paper shows the conceptual schemes proposed to restructure the electrical power system for two refineries and the strategic planning focused on implement the modifications required for the integration of new process plants that will demand about 20 MW for each refinery by 2014. The results of the analysis allowed to identify the current conditions of the electrical power systems in the oil refining industry or National Refining Industry (NRI), and thereby to offer technical solutions that could be useful to engineers facing similar projects.

scholarly journals An Empirical Test Of Politically-Motivated Income Smoothing In The Oil Refining Industry

2011 ◽  
Vol 10 (1) ◽  
pp. 92 ◽  
Author(s):  
Richard H. Fern ◽  
Betty C. Brown ◽  
Steven W. Dickey
Keyword(s):  
Empirical Test ◽  
Income Smoothing ◽  
Refining Industry ◽  
Oil Refining ◽  
The Past ◽  
Accounting Choices ◽  
Political Motivation ◽  
Reported Earnings

<span>This paper reports the results of a study of income smoothing in the oil refining industry for years 1971 through 1989. Evidence of a political motivation to practice such smoothing behavior is also reported. The methodology follows closely that of Ronen and Sadan (1981) which found strong smoothing behavior for oil firms in the 1953 to 1972 period. Two types of smoothing behavior were examined classificatory and intertemporal. Based on the analysis, oil firms were found to have a strong political motivation to manage reported earnings. There was no evidence of significant classificatory smoothing behavior by the 26 firms in the study. However, there was significant intertemporal smoothing behavior suggested, although to a less degree than that suggested by Ronen and Sadan. This reduction in smoothing behavior seems to indicate that over the past 20 years standard setters have been somewhat successful in reducing purely arbitrary accounting choices.</span>

تقييم واقع صناعة تصفية النفط في العراق

2021 ◽  
Vol 2020 (67) ◽  
pp. 154-184
Author(s):  
دانية اياد جاسم ◽  
أ. د . فلاح خلف علي
Keyword(s):  
Crude Oil ◽  
Electrical Current ◽  
Oil Products ◽  
Refining Industry ◽  
Oil Refining ◽  
High Quality ◽  
Investment Projects ◽  
Oil Refineries ◽  
Self Sufficiency ◽  
Strong Sector

The oil refining industry in Iraq is one of the industries of strategic importance, and what these industries have been subjected to destruction, obsolescence and neglect in a way that led to the deterioration of oil products in quantity and quality, and in a manner that is not commensurate with Iraq's capabilities in the field of daily crude oil production, as well as its incompatibility with laws and standards. In addition to the inability of these industries to achieve self-sufficiency and resort to closing the gap through imports. The study assumes that rebuilding the oil refineries in Iraq on modern foundations commensurate with international environmental laws and standards, will contribute to achieving self-sufficiency in high-quality oil products and open new horizons for the refining industry. The study reached several conclusions, the most important of which are the most important reasons for the decline in the production of refineries in Iraq, failure to implement investment projects for the oil refineries sector, reliance on old methods of liquidation, obsolescence of treatment units, neglect of maintenance and maintenance operations, and continuous stops due to the interruption of electrical current, and sabotage of some pipelines that transport crude oil to the refineries. The researcher recommended that the existence of a strong sector of refineries in Iraq capable of securing energy sources and achieving self-sufficiency, in addition to its ability to compete, that achieving this goal requires working on building new and modern refineries and rehabilitating old refineries to increase production capacities and obtain high-quality oil products to Iraq can compete in the global

Aggregate Oil Refining Models

1983 ◽  
Vol 2 (2) ◽  
pp. 143-153 ◽  
Author(s):  
D. Babusiaux ◽  
D. Champlon ◽  
M. Valais
Keyword(s):  
Linear Programming ◽  
Refining Industry ◽  
Oil Refining ◽  
Final Part ◽  
Macroeconomic Model ◽  
Aggregate Level ◽  
Energy Models ◽  
Energy Economy ◽  
Petroleum Sector

Models may be constructed and used to represent, on an aggregate level, the entire refining industry of a country (France) or of a given geographic zone. The first part of this article analyzes the aggregation problems that arise during linear programming modeling. These problems are particularly acute when the refining model has to be coupled with other models (e.g. energy models) because excessive simplifications may lead to irrelevant results. The second part of the article gives some application examples. Then the final part describes the formulation retained for representing the petroleum sector in the ‘Mini-DMS Energie’ model. This model was built under the impetus of the ‘Commissariat Général du Plan’ on the basis of the Mini DMS (Dynamique Multi-Sectoriel) macroeconomic model developed by INSEE (Institut National de la Statistique et des Etudes Economiques). Its aim is to analyze energy–economy interactions. In this model the refining industry is characterized by equations of the econometric type estimated on the basis of artificial sampling.

scholarly journals Perspective directions of development of oil refining industry in the regions of Russia

2019 ◽  
Vol 377 ◽  
pp. 012008
Author(s):  
I V Filimonova ◽  
I V Provornaya ◽  
Y A Dzyuba ◽  
A A Tagaeva
Keyword(s):  
Refining Industry ◽  
Oil Refining ◽  
Regions Of Russia
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