What is the current price of bitumen?
| Packed Bitumen | Price (in Rs.) |
|---|---|
| VG 10 (80/100) | 52790 |
| VG 30 (60/70) | 53590 |
| VG 40 (30/40) | 56270 |
How much does a barrel of bitumen cost?
Bitumen 60/70 price per barrel
| Brent Crude Oil | |
|---|---|
| $78.09 | ▲1.08% |
Where can I buy bitumen in Nigeria?
50 Bitumen Suppliers & Exporters in Nigeria
- Jessecrown Reinventors Ltd.
- Optimal Crude Oil And Gas Brokers Ltd.
- Royal Eagle Occult.
- Alphalex Consulting.
- Young Agro Products Ltd.
- KGS Global Enterprise.
- Saderat Nigeria Limited.
- Ekebond Nigeria Limited.
How is bitumen sold?
In order to transport the bitumen by pipeline, it is blended with diluent on-site and shipped and sold as diluted bitumen (dil-bit). The process to get the final product to market would be: Blend the bitumen and diluent.
What is VG 30 bitumen?
What is vg 30 bitumen? This bitumen is primarily used for the construction of extra-heavy bitumen pavements that have to bear significant traffic loads. Bitumen VG30 is the most widely used type of bitumen in road construction, insulation, building construction industries, and also in the production of cutback bitumen.
What is Bulk bitumen?
Bulk bitumen is the most economical method of exporting bitumen for medium and large scale projects. This type of packing is cheaper than others and it has suitable transportation costs. To know more about the advantages and disadvantages, shipping condition and terms of purchase of bulk bitumen follow the article.
How much is an oil barrel worth?
Average annual Brent crude oil price from 1976 to 2021 (in U.S. dollars per barrel)
| Characteristic | Average crude oil price in U.S. dollars per barrel |
|---|---|
| 2019 | 64.3 |
| 2018 | 71.34 |
| 2017 | 54.25 |
| 2016 | 43.67 |
How much is a barrel of Alberta oil?
WCS Oil ($US/bbl)
| August | JAN – Aug (AVERAGE) | |
|---|---|---|
| Trend | 2020 | 2020 |
| $28.43 | $24.62 | |
| Source: Alberta Energy (Jan 2009 to present) |
How much is bitumen in Nigeria?
The present price of bitumen is N175/litre which means that Nigeria import about 450,000 tonne of bitumen per annual.
Does bitumen have a high viscosity?
2 Physical and Chemical Properties of Heavy Oil and Bitumen Heavy oil and bitumen are characterized by high-density, high-viscosity, and high-heavy fraction components.
Where can you find bitumen?
bitumen, dense, highly viscous, petroleum-based hydrocarbon that is found in deposits such as oil sands and pitch lakes (natural bitumen) or is obtained as a residue of the distillation of crude oil (refined bitumen).
What is difference between VG10 and VG 30?
The difference between VG10 and VG30 The difference between VG10 and VG-30 bitumen is in their viscosity level. Bitumen VG30 is more viscose than bitumen VG 10 and as a result, performs better in road construction in hot regions.
What’s the current price of bitumen in Asia?
The Current FOB, CFR & rack Bitumen prices for Asia, Middle East and Africa are as follows: In Iran FOB Bitumen Bulk current price reported at USD 270 – 285 PMT, while Iran FOB Bitumen drums current price reported in the range of USD 330 – 340 PMT.
Who are the refineries that produce bitumen in India?
Three main refineries that qualify the Price of Indian Bitumen are MRPL, IOCL and BPCL. Generally, Iran bitumen price is lower than the price of bitumen from these refineries.
Which is heavier OPEC oil or bitumen oil?
OPEC oil, which is heavier than Brent oil and lighter than WTI oil, is usually priced between WTI oil and Brent oil.Iraq Bitumen price fourth in terms of oil reserves and the sixth-largest producer, and can play an important role in the latest bitumen prices and oil prices.
Which is cheaper bitumen from Iran or India?
Generally, Iran bitumen price is lower than the price of bitumen from these refineries. The main issue in India is that producing the bitumen has a high cost due to its process and its transportation, so they prefer to import bitumen from other countries such as Iran.