ECONOMIST (REFINERY EXP)
Abu Dhabi, UAE
: Bachelor of Science in Chemical Engineering, with additional higher Financial/Economic Qualification either in accounts or in Management/ Business Admiration.
: Any Nationality
: 11 - 15 years
: Engineering
: 31 - Mar - 2019
Job Description
Purpose of Job
 
The function of this position is very critical and important as it provides critical inputs to Sr. management on the decision process. The candidate should ensure that all current and future Capital Investments and running Assets performances are based on sound basis for financial and economic impact analysis and decision process/making.
 
Minimum Job Requirements
 
To have full understanding and knowledge of the full Oil, Gas & Petrochemical value chain from the upstream to the downstream including petrochemical derivatives and to provide sensitiveness on various inputs.
To understand the market conditions and to provide financial impact on the project economics and their sensitivities.
Assess economic risks associated with high and marginal market volatility developments/conditions with emphasis on Assets performance impact. Conducts risk analysis assessments on capital projects covering crude, pipelines and other processing facilities.
Capable to perform and provide critical technical input while developing and analyzing financial merit for Investment decisions.
To have independent capability to develop and maintain Financial Models.
Carryout economic appraisals of investment projects during various stages of the projects viz, pre-feasibility, detailed feasibility, pre FEED , after FEED, before award of EPC and upon implementation in co-ordination with Major Projects , Engineering & Projects division and Operating divisions. Indicate deviation if any form the original conceived targets and highlight the economic implication.
Review economic analysis carried out of proposed plant changes including revamps, upgrading and expansion of processing facilities, yield improvement studies , change in catalyst, additives etc. Submit interpretation to the management for decision making.
To have through understanding on investment decisions for major projects like IRR, NPV and implications on project financing through Debt / Equity funding.
Through understanding of the inter dependency with the overall refinery process schemes. Candidate should play a vital role while evaluating financial feasibility of the project.
For evaluating project investment criteria, candidate should provide technical inputs like Process selection, catalyst assessment, special operational requirements, operational stability of process plant, capacity utilization & turnaround requirements, additional / special maintenance requirements, flexibility of the process units / licenses sensitive to feed stock and product quality changes, intermediate storage requirements, are some of the necessary technical inputs to be considered while.
 
 
Desired Candidate Profile
Qualifications
 
Bachelor of Science in Chemical Engineering, with additional higher Financial/Economic Qualification either in accounts or in Management/ Business Admiration.
Minimum of 10 years of experience in the Oils, Gas or Petrochemical Sectors and actively involved in the project economics.
Have experience in operation / process / Planning / project and corporate functions to have through knowledge to evaluate and appraise project economics to high level management.
 
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