Get Instant Help From 5000+ Experts For

Writing: Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Refinery Product Slate in the Wake of the 2020 Coronavirus Outbreak

## Differentiating Between Major Petroleum Products and Their Applications

You are a refinery manager in charge of deciding on the product slate for your refinery. You must make both qualitative and quantitative judgements on which products your refinery is to produce in the wake of the 2020 Coronavirus outbreak, with a Brent ICE crude oil price of approximately \$40 a barrel.

1.Differentiate between the major petroleum products, users, and their main applications.

2.Calculate and analyse refining margins and costs relating to distribution and marketing.

QUESTION 1:

• Considering which products would be most in demand, given the low oil price, and the current global economic situation –
• Identify and describe Five (5) different products that your refinery could produce
• Explain briefly the means of manufacturing these Five (5) products (chemical reaction equations are not required)
• And an intended application for each of the Five (5) products.
• Analyse any advantages and disadvantage that your Five (5) chosen products produced have, such as damaging effects on health and environment compared to alternatives, if they exist.

QUESTION 2A:

• Calculate the expected profit based on a single barrel of oil priced at \$40 and the amount of product which can produced from a single barrel (use Brent Crude as your referencebenchmark crude) and the following assumptions:
• Price of a barrel of Brent Crude: \$40
• Price of Petrol at a UK Petrol Station in March 2020: £1.05 per litre
• Percentage of Petrol Pump Price which goes to the wholesaler: 27%
• Profit margin of wholesaler: 5% of rack price (which wholesaler charges the filling station)
• Conversion rate of dollars to pounds: \$1.24 per UK pound
• 45% as an assumption of PETROL YIELD in the conversion of Brent Crude into Petrol for a good refinery – this can be referenced using the words “as shown in class”

QUESTION 2B:

• Describe two pieces of equipment such as upgraders, vacuum distillation unit, fluidized

catalytic crackers etc. which could allow you to maximize your refinery’s profit from the

sales of petrol and discuss the advantages that these two piece of equipment could bring.

• Provide a set of recommendations for future expansion or improvements that your refinery could undertake to improve its profitability.

Late Submission

If you are not able to complete your coursework on time due to extenuating circumstances, the ONLY way to receive an extension (up to 5 working days) or a deferral (anything longer than 5 working days) is to contact a Registry team member located at your specific CU site

* Extenuating circumstances are defined by CU as ‘genuine circumstances beyond your control or ability to foresee, and which seriously impair your assessed work’.

* Please note that you will need to provide third party evidence to support your reasoning for requiring an extension or deferral.

* Your course tutor is NOT able to approve an extension or a deferral, if you have not completed the official forms and had your request approved your work will count as not submitted and receive a zero mark.

Plagiarism and Malpractice

* You are encouraged to check the originality of your work by using the draft Turnitin links on your Moodle Web.

* Collusion between students (where sections of your work are similar to the work submitted by other students in this or previous module cohorts) is taken extremely seriously and will be reported to the academic conduct panel. This applies to all coursework and exam answers.

* A marked difference between your writing style, knowledge and skill level demonstrated in class discussion, any test conditions and that demonstrated in a coursework assignment may result in you having to undertake a Viva Voce in order to prove the coursework assignment is entirely your own work.

* If you make use of the services of a proof reader in your work you must keep your original version and make it available as a demonstration of your written efforts.

* You must not submit work for assessment that you have already submitted (partially or in full), either for your current course or for another qualification of this university, unless this is specifically provided for in your assignment brief or specific course or module information. Where earlier work by you is citable, ie. it has already been published/submitted, you must reference it clearly. Identical pieces of work submitted concurrently will also be considered to be self-plagiarism.