IHS Markit has released a new study called, “A New Look: Extracting Value from the Canadian Oil Sands.” The report presents a post-oil price collapse update to a 2013 analysis on the economics of processing heavy oil in Alberta and other select jurisdictions.
Bitumen-related problems: too heavy for pipelines
Bitumen is the extra-heavy oil found in the oil sands. Making it marketable requires capital-intensive heavy oil conversion units to transform it into refined products such as gasoline or diesel. Bitumen is also too heavy and viscous for ...

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