5883
Crude Blending at RIPI
Energy

Crude Blending at RIPI

The Research Institute of Petroleum Industry (RIPI) successfully carried out a crude blending process, Shana news agency reported Sunday. The process will allow producers to increase the efficiency of oil production, distribution and export and maximize the value of petrochemical products.
Oil blending is often undertaken to increase the price or processability of lower grade crude by blending it with a higher grade crude, a costlier type of oil.
The process allows the RIPI to modify different features of oil such as level of density and viscosity, percentage of brimstone, etc. and export the new crude based on demand for consumption or export.
Refining extra heavy oil is a complex process carried out at specialized refineries. To increase the value and usability of heavy crude, it needs to be blended with lighter oil or mixed gas condensate, and the blending technology will allow the RIPI to make use of less valuable petrochemicals.
Furthermore, when the sale or export of oil decreases, producers can blend their product with other types of crude to increase value.
Iran holds the world’s second biggest natural gas reserves after Russia, and the fourth-largest proved crude oil reserves.  

 

Short URL : http://goo.gl/eN65fq

You can also read ...

Major Petrochemical Deals Expected in Three Months
Iran's state-owned petrochemical company is planning to...
Iran trades electricity with four neighbors, namely Azerbaijan Republic, Turkey, Armenia and Iraq.
In line with efforts to boost electricity exports to...
Yadavaran Oilfield Revenues at $3.2b
Iran has extracted about 65 million barrels of oil from...
Saudi Arabia raised fuel prices  in December 2015 and announced plans for further increases.
Saudi Arabia is considering a plan to phase out subsidies for...
There is an increasing trend of emissions disclosure among major oil companies.
It is no secret that oil majors are among the biggest...
US Oil Prices Rise Above $50
US crude oil prices rose above $50 per barrel on Monday and...
Rosneft, Iraq's Kurdistan Sign Deal
Russian oil major Rosneft will invest in gas pipelines in Iraq...

Trending

Googleplus