Partial Upgrading Technologies – Panacea for the Heavy Oils Market
Kline projects that global crude oil demand to be about 89 MMbbls/d (million barrels per day) by 2030. Of this, the share of heavy oil resources is expected to be about 15 MMbbls/d. Current global utilization of heavy crude oil stands at about 11.5 MMbbls/day. Considering the decline in production in the coming years, an