Cost Accounting and Cost Management in Oil Refineries

Downstream Oil & Gas
Finance, Budgeting & Accounting
International Oil & Gas Supply, Trading & Pricing
International Petroleum Business
Refining & Petrochemicals


With increased competition and volatility in prices it is essential to manage costs effectively in the Oil Refinery sector in order to preserve profits, sustainability and market share. Cost Management is one of the most effective and essential tools for planning and monitoring organizational activities, as well as supporting future strategic decisions. This course provides the essential knowledge and skills to enable delegates to successfully control costs; prepare, manage and control budgets in the Oil Refinery sector. It also provides solutions to the strategic issues currently facing major international Oil Refineries, enabling delegates to, effectively managing existing projects and recommend sustainable growth strategies in an efficient and cost effective manner. This training course will highlight: • The structure of the Income Statement and major costs • Best Practice Costing Methods in Oil Refineries • How to Manage & Control Costs to maintain profitability • Inventory Management techniques to reduce costs • Management techniques to stimulate cost control throughout the entire organisation

Code Venue Fees ($) Dates
LP006 California, U.S.A 6500 March 3, 2019 – March 7, 2019
LP006 New York, U.S.A 6500 July 28, 2019 – August 1, 2019
LP006 Dubai, U.A.E 4500 December 15, 2019 – December 19, 2019

In-House
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