A refinery built around a slurry phase hydrocracking process unit, such as a Veba Combi-Cracker (VCC), is simpler, produces more liquid product as transportation fuels and has much higher net cash margin than a refinery built around a coker or other bottoms upgrading processes. The VCC unit replaces one or more processing steps normally included in refineries as separate and distinct processing units including heavy distillate/gas oil cracking and optionally bottoms upgrading and deep desulfurization of diesel and gasoline range cuts. The refinery design is especially suited for heavy crude upgrading and can be tuned to provide a wide range of gasoline to distillate production ratios. The refinery design is “bottomless” in the sense that it produces no heavy fuel oil or asphalt as product and no solid fuel (e.g., petroleum coke).