The Role of Regulator in a
Deregulated Downstream Petroleum Sector

INTRODUCTION

This The Role of Regulator in a Deregulated Downstream Petroleum Sector training course is aimed to equip participants with the necessary knowledge to appreciate the key functions of a designated regulator and how it should play an active role in the development of deregulated activities of the petroleum sector, what would be the role of regulator in a deregulated environment? To learn and appreciate the current picture in some selected case studies from around the world. The training course will also aim to equip participants with complete overview within typical key regulator mandates and the type of regulations come out of it.

In addition to removal of official restrictions and bottlenecks that discourage participation and investment and consequent opening of the sector with the aim of engendering maximum competition. This training course uses applicable case studies and includes group discussion and critical analysis of actual projects. Prior knowledge of the fundamentals of key downstream principles is assumed but will be covered briefly to ensure general understanding. New concepts and tools are introduced to enable delegates to progress from fundamental to more advanced concepts.

This GLOMACS training course will highlight:

• How a regulator can Successfully Ensure Adequate Consumer Protection and Stakeholder Relations in a Deregulated Regime?
• Typical regulator key mandates and the type of regulations
• Typical regulator functions, pricing policy of petroleum products, regulate the supply and distribution of petroleum products,
• Creating an information databank through liaison with all relevant agencies to facilitate the making of informed and realistic decisions on pricing policies
• Risk management in the deregulation of downstream sector

Objectives

This The Role of Regulator in a Deregulated Downstream Petroleum Sector training course objectives are to equip participants with:

• The role of a regulator in a deregulated petroleum environment
• The deregulation process in the downstream sector
• An overview within typical regulator key mandates from around the world and the type of regulations that came out of it
• The expectations in a fully deregulated environment
• The need of a regulator in a deregulated environment
• The market where petroleum product fall into

Training Methodology

Participants in this training course will receive a thorough training with the instructor utilising a variety of proven adult learning and facilitation techniques. Training course methodology includes an insight into industry best practices, tools, and processes. This training course uses applicable case studies and includes group discussion and critical analysis of actual projects.

Organisational Impact

Your organisation will benefit by:

• Expanding on regulator functions and role in a deregulated environment
• Exploring the importance of stakeholders, consumer protection, and foreign investment in a deregulated petroleum environment
• Developing best practice in the role of a regulator in a deregulated environment
• Ensuring better monitoring and managing of performance issues in a deregulated environment
• Exploring alternative ways of reducing the impact of disputes in a deregulated environment

Personal Impact

The participant shall benefit through attending this training course by:

• Improving your knowledge of a regulator in a deregulated petroleum environment
• Enhancing your knowledge of the best practices in behaving as a regulator in a deregulated environment
• Extending your understanding of key risk areas and their management
• Developing your knowledge of monitoring and managing performance in a deregulated environment
• Boosting your confidence in dealing with disputes resolutions in a deregulated environment

WHO SHOULD ATTEND?

This The Role of Regulator in a Deregulated Downstream Petroleum Sector training course will suite wide range of professionals in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms including but not limited to:

• Board Members of Regulatory Agency
• Managers and commercial or technical staff whose activities are related to the production, storage, purchasing, marketing or use of petroleum products
• Legal and contracts staff
• Technicians, engineers and managers interested in improving their knowledge of petroleum products