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Job Opportunity: Refinery Economist:

Job description:


The Economist is responsible for maximizing the In Month Gross Refinery Margin (GRM). In addition the Economist is responsible for the annual business plan (T&R) and project economic evaluations.
The economist is a key contributor to the monthly refinery planning processes and is responsible for providing day-to-day economic steers to the refinery operation. He/She participates in refinery projects evaluations and interfaces with Supply teams in developing new margin opportunities.

The economist acts as the Enterprise First catalyst by actively sharing of refinery economic insights and Enterprise value drivers amongst the manufacturing/supply/trading/COB teams.
As HRC is a public listed entity, the Refinery Economist is also responsible for ensuring site fiduciary requirements are met under of the CE&S remit. 
Supports delivery of the optimal monthly refinery plans and implements the day-to-day optimization of the refinery in close operation with the Scheduling Team. The main tasks include:
    Provides internally consistent economic steers to E&S, Operations and Supply whose joint responsibility is to push the refinery to their E2E economic optimum.
    Generates Refinery Marginal Steering Values, ensures that marginal economics are updated and used for on-line optimization/ blending optimization / option evaluation
    Assists the Refinery Planner in delivering the monthly plan in S&OP Step 3
    Assists the refinery schedulers during the Plan Validation process and consolidate feedback
    Receives and reviews weekly price scenarios and significant changes in demand/ market situation /constraints
    Refreshes refinery plan for current month (weekly) 
    Informs the envelope and other significant parties about Refinery Shutdown and Upsets - addresses economic implicationsDevelops the medium term refinery plan, Business plan (or T&R). This includes: -
    Consults with key stakeholders in updating refinery capabilities and constraints
    Develops refinery material balances
    Interprets and analyses Marginal Economics, including short and medium term options
    Performs short-medium term economic evaluations for hydrocarbons margin improvement proposals, project evaluation and CAPEX proposals
    Participates in margin improvement initiatives including economic analysis for the refinery Business Improvement Plan and ad-hoc refinery and supply chain business prioritiesMonitors refinery performance against agreed plans, and provide economic feedback to operations, on deviations from the plan.
Margin Variance Analysis – MVA (S&OP step 4)
    Performs analysis by comparing business /operating plans to actual performance. Communicate insights and supports the refinery in knowledge lost business opportunities each month via the MVA process.
    Summarises work done on MVA/gap appraisals for management review.
    Identifies and supports the implementation of improvement opportunities, including specific incident tracking.
JOB KNOWLEDGE, expertise & practice:
    Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional Degree in Engineering or equivalent.
    At least 10 Year(s) of working practice in the related field is required for this position; prior practice manufacturing (Technology) and Supply (Refinery Schedulers) is essential.
    Solid knowledge of supply chain economics and refining processes.
    knowledge of LP-technique/usage in a refinery/supply chain environment.
    Good interpersonal and communication expertise, combined with analytical capability and attention to details are essential to manage multiple working interfaces at various levels in Manufacturing and supply and contributes to building team spirit within the E&S team. 


WORK LOCATION View larger map / directions View larger map


Batu 1, Jalan Pantai, 71000 Port Dickson, Negeri Sembilan


Average Processing Time

More Than 2 Weeks

Registration No.





Telephone No.

606 6471311

Company Size

201 - 500 Employees

Working Hours

Regular hours, Mondays - Fridays

Dress Code

Business (e.g. Shirts)


Vision, Medical, Miscellaneous allowance, Education support, Dental, Sports (e.g. Gym)

Spoken Language





A public listed company which operates an oil & gas refinery in Port Dickson, Malaysia. This refinery produces a comprehensive range of petfunctionum products, some 90% of which are consumed within Malaysia, and has a licensed production capacity of 156,000 barrels per day. The Company believes in giving equal attention to caring for the environment and contributing to social development within the community in which Information technology operates.



Creating a safe and conducive workplace is always top priority at our company. We want our employees to go home safely every day and work with the assurance that their wellbeing is being safeguarded through policies, protocol and by their peers. Beyond this, we also work to provide a good work-life balance and provide life-long learning opportunities within our diverse workforce.


Job Category: Creative Arts/Media [ View All Creative Arts/Media Jobs ]
Language requirements:
Employment type:
Salary: Unspecified
Degree: Unspecified
Experience (year): Unspecified
Job Location: Port Dickson Negeri Sembilan
Address: Port Dickson
Company Type Employer
Post Date: 10/03/2018 / Viewed 15 times
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