Bitumen – Summaries of news and views OnVenezuela https://onvenezuela.com Wed, 23 Jun 2021 13:05:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Bitumen – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 China’s private refiners suspend bitumen blend imports amid new consumption tax: sources https://onvenezuela.com/chinas-private-refiners-suspend-bitumen-blend-imports-amid-new-consumption-tax-sources/?utm_source=rss&utm_medium=rss&utm_campaign=chinas-private-refiners-suspend-bitumen-blend-imports-amid-new-consumption-tax-sources Wed, 23 Jun 2021 12:03:00 +0000 https://onvenezuela.com/?p=9867

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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