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 ?
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".
The problem for Riyadh is that the importance of heavy crude oil is to increase as its already ageing AL-producing fields begin to decline.
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.
OPEC Secretariat announced the increase in its monthly report in March adding average daily price of heavy crude oil of Iran reached 112.
Ecopetrol SA (BVC: ECOPETROL)(NYSE: EC)(TSX: ECP), a Colombia-based petroleum company, has reported that it has proved the presence of heavy crude oil at Pastinaca 1, an exploratory well situated within the municipality of Puerto Lopez, Meta Province.
The company plans to dilute bitumen with ultra-light crude oil such as condensate and sell as diluted bitumen equivalent to heavy crude oil through pipelines mainly to refineries in the US.
According to official sources, many refineries would introduce the 'bottom upgrade' technology in refineries, through which they would be able process more heavy crude oil.
Venezuela has the world's largest proven crude oil reserve and investment into the development of heavy crude oil/extra heavy crude oil is expected.
Furthermore, heavy oil is hard to recover and challenging to process because the production and the market value of heavy crude oil is faced with many technical and commercial hurdles, due to their extremely high viscosity (greater than 1000 cP), low American Petroleum Institute (API) gravity (less than 20oAPI), poor mobility, high carbon to hydrogen atomic ratio (i.
signed a joint-venture agreement that will require a $20 billion investment to pump and refine heavy crude oil at the Junin 4 block of the Orinoco Belt.
Manifa Arabian Heavy Oil Field Project is expected to build facilities to produce Arabian Heavy crude oil and associated gas.
Centurion Pipeline has received long-term commitments through a binding open season for its proposed pipeline reversal project that will allow the pipeline to transport heavy crude oil.