Heavy Crude


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Heavy Crude

Unrefined oil that does not flow very well, as opposed to light crude, which does. Compared to light crude, heavy crude is expensive to refine. As a result, it is a lower-priced commodity.
References in periodicals archive ?
Demand for heavy crude extracted from Canadian oil sands surged in the past few months as US refiners sought alternatives amid supply disruptions in key exporter Venezuela and restricted exports by the Opec.
Shana said that since Now Ruz the average price for Iran's heavy crude has averaged $48.
Now, heavy crude in the Middle East was available at a discount.
RIL had signed a 15-year heavy crude oil supply contract and an MoU with PDVSA to further develop Venezuela's heavy oilfields.
The report analyzes the outlook for oil sands and other heavy crudes in North America and says the amount of oil sands flowing into the U.
The West Rack is equipped with steam and nitrogen facilities to facilitate the unloading of heavy crude oil, primarily delivered by train from Canada.
Later Patra explained: "PDVSA will provide us [with] technology for bringing out the heavy crude oil as well as making it useable as feedstock in power plants".
GSAE is developing technology to reduce the carbon footprint, minimise environmental impact and transform the economic performance of this new generation of heavy crude oil refining processes.
ExxonMobil has said that between 3,500 and 5,000 barrels of heavy crude leaked from the ruptured pipeline.
Ecopetrol SA (BVC:ECOPETROL) (NYSE:EC) (TSX:ECP) announced on Tuesday the discovery of heavy crude oil at the Pastinaca 1 well located within Puerto Lopez, Meta Province, Colombia.
This project is aiming to double the processing capacity of the refinery bybuilding a new facility to make the most of the heavy crude oil abundantly produced from the Orinoco Belt of the country.
Russia has agreed to lend Venezuela $4 billion through 2013 for defense spending while gaining deals to develop heavy crude and offshore gas fields in the South American country.