The Hindu Business Line : IOC, IFP tie-up to offer management programmes

The IndianOil Institute of Petroleum Management (IIPM), Indian Oil Corp's apex learning centre, and IFP Training, a training arm of IFP, France, have entered into an agreement to organise and host public courses on petroleum management for executives of the oil and gas companies in India.

IFP is a company specialising in research and development (R&D), training and information for sustainable development in the fields of energy, transport and environment.

Refineries

Petroleum refining offers vast opportunities for growth in the new millennium on account of narrowing of the gap between global demand for petroleum products and the existing refining capacities.

Setting up of new greenfield refineries is highly capital-intensive and involves a minimum of three to four years' time, a company statement said.

On the other hand, improving efficiencies and augmenting capacities at the existing refineries through revamp, de-bottlenecking, etc., is a cost-effective proposition in the short term, it added.

"It is here that IFP Training's expertise in developing capabilities becomes very useful for those operating refineries and petrochemical plants that intend to enhance their operating margins in the given situation," the statement said.

The synergy created between IFP and IndianOil through their association of over four decades provides an excellent foundation for conducting select programmes of IFP Training at IIPM for the downstream companies of India, the statement said adding that in the long run, the partnership could evolve into a joint delivery of the training courses, and, thereafter, a franchise agreement, whereby, IIPM trainers would deliver IFP Training courses.

The first programme on `Planning & Economics of Refinery Operations' is scheduled during December 4-8.

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