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Bitumen blend is typically crude cargoes blended off Malaysia waters with heavy grades, mostly Venezuelan Merey in recent years, which are used as feedstock to produce asphalt for paving roads.Independent refineries, especially those in Shandong province, are the major buyers of bitumen blend as the barrels are consumption tax free and refiners are not required to use crude import quota when bringing in the cargoes. Full Text -> S&PGlobal
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