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 ?
Figure 3-10: Latin American Heavy Crude Oil Production - Historical and Forecast (excluding Venezuela)(thousand barrels/day)(2007-2021)
com/research/e72fc0/development_of_pla) has announced the addition of GlobalData's new report "Development of Planned Pipelines in the US Gulf Coast will Allow Regional Refineries to Access Heavy Crude Oil from Canada" to their offering.
Rather, it is a sign that the kingdom needs to prepare new heavy crude oil supplies to feed planned heavy conversion refineries.
The MoU for the construction of the joint refinery, which will use Iran's heavy crude oil as feed, was signed in 2004 on the sidelines of the OPEC conference in Isfahan.
The Pacific Pipeline, a partnership of Chevron, Texaco and Anschutz, is designed to carry heavy crude oil from fields in Kern County to refineries in Wilmington and El Segundo.
is expanding two Gulf Coast refineries to process larger volumes of heavy crude oil.
Venezuela's state oil company Petroleos de Venezuela (PDVSA) said production on the massive Junin 6 heavy crude oil block would begin by 2012, and that the Orinoco-based operation would produce "between 400,000 and 450,000 barrels of crude a day.
Ambassador Marquez said heavy crude oil deposits had been discovered in India's north-western zones of Rajasthan and Gujarat.
This is because it is developing heavy crude oil from an offshore field in the Gulf, which is to produce 900,000 b/d in the next decade (see down14SaudiRefOct3-11).
Figure 20: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy Crude Oil Blocks, Orinoco Heavy Crude Oil Belt, 2012 38
and the Venezuelan state oil company Petroleos de Venezuela(PDVSA), SA signed a 15-year heavy crude oil supply contract and MoU to further development of Venezuelan heavy oil fields.
has been awarded a contract for the detail engineering, procurement support and construction management services associated with constructing heavy crude oil upgrading facilities in the Puerto La Cruz oil refinery by PDVSA Petroleo S.