Europe, Africa, Middle East and Asia-Pacific prices and commentary Incorporating Argus Asphalt Report CONTENTS Key bitumen prices 1 Map of waterborne bitumen prices 2 Northwest and central Europe 3-5 Mediterranean 6-8 Sub-Saharan Africa 9-11 Asia-Pacific and Middle East 12-16 Vessel tracking indications 17 Bitumen news …
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Record-high spreads between bitumen and 380cst high-sulphur fuel oil (HSFO) prices in 2022 failed to incentivise refineries to produce more bitumen. The bitumen-HSFO spread hit record highs of $197.80/t in early September 2022, before falling to $117/t on 19 December 2022.
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The proposed mining and exploitation of bitumen, according to Musa Sada, Minister of Mines and Steel Development, would be undertaken and financed by Chevron Nigeria Limited, a joint venture between Chevron International and Nigerian National Petroleum Corporation (NNPC) as a replacement for crude oil exports.
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The company received a 10,000t cargo of atmospheric straight-run residue from a Mediterranean refiner in recent weeks, enabling bitumen production at Skikda to restart. Sonatrach plans to produce up to 100,000 t/yr of bitumen at Skikda, matching current output at its bitumen unit in Arzew.
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Tupras reportedly made 120,000t of bitumen sales in February, mostly to the domestic market with only around 25,000t of bitumen exported from Izmit that month. One market participant said bitumen produced in January, 176,232t according to EPDK data, was held in stock but sold in February, helping explain the large gap between sales and output.
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Bitumen vessels have been getting bigger with several new larger carriers (from 8,000-35,000dwt) ordered throughout 2023 and more likely in 2024. But arbitrage opportunities to ship bitumen outside of Europe could remain challenging in 2024 after being in the doldrums in 2023.
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Apparently, the oil companies strip mining Alberta, Canada for its bitumen don't have money for a green-washing PR campaign. Lucky for them, the Harper government is ready to spend $22 million on ...
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Panel discussion: New roads and climate change: Keeping up with decarbonisation and innovative construction and infrastructure plans • Taking notes on new road construction projects in Europe – outlook and demand • Circular economy: With the growing demand to reduce transport emissions, what are the carbon-neutral strategies being adopted? ...
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India's bitumen imports in 2023 rose by about 31pc on the year to touch their highest since at least 2012 as consumption surged to a record high, but domestic production remained steady. ... Mining; Industrial manufacturing; Automotive; Agri-industry; Storage terminals; Solutions. Solutions overview ... The market news and commentary we publish ...
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The UK, already a major bitumen importer, became more import reliant when Prax's 105,700 b/d Lindsey refinery ceased bitumen production in the first quarter of 2023, although that was followed by expansion of bitumen storage capacity to 20,000-30,000t at the Navigator Terminals bitumen facility at Teesside, northeast England, which is used …
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Recently, the Federal Government of Nigeria included in her 2018 Appropriation Bill, a budget for Bitumen mining which was passed into a law by the National Assembly and the mining companies are today …
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Romanian firm Bitholder imports cargoes to the Mangalia and Constanta bitumen terminals on the Black Sea coast, and trading firm Vitol ships cargoes into Galati, near Braila on the Danube. Bitumen also regularly enters Romania from Hungary, Poland, Austria, Serbia and Greece, as have small amounts from northwest Turkey this year. By Keyvan Hedvat
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Upgrading is a process by which bitumen is transformed into light oil by, removing virtually all traces of sulphur and heavy metals. Bitumen upgraders have 5 basic unit operations: H:C ratio upgrading …
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Singapore, 2 September (Argus) — Australia's bitumen imports in this year's first half fell by 20pc against a year earlier, as state councils cut road construction budgets in the 2023 …
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Ivory Coast bitumen producer SMB has cut production at its 520,000 t/yr (10,500 b/d) Abidjan refinery by a third in response to a dramatic fall in construction activity and bitumen import requirements across west Africa.
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Vessel tracking data from Vortexa show Romania imported 118,100t of bitumen in cargoes shipped to terminals at Galati, Constanta and Mangalia in 2022. The majority was sourced from Greece and Turkey, with the latter at 63,000t. Romanian bitumen cargo imports stood at 185,400t in 2020 and 103,800t in 2021. By Tom Woodlock
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This study examines bitumen-related news articles published by the Globe and Mail, the Toronto Star, and the National Post, the top three Canadian newspapers …
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Market news and commentary; Analytics and forecasting. Analytics and forecasting overview ... The purpose of the Argus Bitumen & Asphalt Europe Conference is to help market participants understand the major issues shaping the market. ... single prices, graphs or news content) in any form or for any purpose whatsoever without the prior …
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The first such railcar shipment, amounting to around 3,000t, reached Floresti at the end of last week after ship-to-railcar transfer at Burgas of the first bitumen cargo moved by Guven from its Black Sea bitumen terminal at Trabzon to the Bulgarian port on board the 4,999 deadweight tonne (dwt) bitumen tanker Sidra, that arrived at Burgas on 22 ...
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State-controlled Saudi Aramco will begin bitumen cargo exports in June from Yanbu on the Red Sea coast, home to the 400,000 b/d Yasref refinery. The company's base oils arm Luberef, which will handle the export business, plans to ship its first bitumen cargo of around 5,000t from Yanbu at the end of June.
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ExxonMobil has restarted bitumen production in Singapore after having idled its unit for almost a year. Bitumen production has been restarted "in response to market conditions", ExxonMobil said today. The company's Singapore unit can produce about 100,000-120,000 t/month of bitumen.
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Works to stop Leuna refinery bitumen output in October. London, 12 September (Argus) — Bitumen production at TotalEnergies' 240,000 b/d Leuna refinery in northeast Germany will be halted for the duration of a major planned month-long maintenance shutdown at the refinery starting in early October, market participants said today.
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