Risk Management in Oil and Gas Refineries

This study examines why risk management is required in the energy industry. The variability of competitive laws in the world of business and energy has been highlighted as a major policy strategy in many countries. The rapid growth of technology, increasing riskability, risk in global markets and increasing changes in customer needs have been put new product development teams under increasing pressure. In order to be successful in identifying opportunities and threats in the energy industry, the risks involved in this process must be identified and addressed. Organizational risk management allows the company to anticipate changes and uncertainties in addition to moving in the right direction and achieving the intended vision. The most effective way to increase the effectiveness of risk management in the organization is to develop it as a process in the set of support processes in the organization and determine the process owner for it that they are responsible for managing and facilitating risk in the organization and guiding business managers in this field. Forming risk management committees in the organization with the participation of managers and reporting to senior management about the risks ahead are other methods of process management in which the success rate has been highly evaluated.