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A facilitator is an intermediary who goes in search of both genuine crude oil buyers and sellers. Every document goes through them to the other party. Depending on whether it is CIF, TTT, TTO, or a FOB transaction and how many brokers are in the chain. However, if the facilitator successfully seals the contract they have won financially. Crude oil is one of the most profitable businesses ventures and can make you a millionaire with just one deal.
Bitumen is a sticky, black, and highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product.
Pet coke is calcined petroleum coke, a byproduct from the refining of crude oil. It is used to make anodes for the aluminium, steel and titanium smelting industry.
Diesel fuel originated from experiments conducted by German scientist and inventor Rudolf Diesel for his compression-ignition engine he invented in 1892.
Jet fuel, aviation turbine fuel (ATF), or avtur, is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines.
LNG is natural gas (predominantly methane, CH4, with some mixture of ethane C2H6 that has been converted to liquid form for ease and safety.
The Automotive Gas Oil, or AGO, is the name given to fuel intended for use in road vehicles (trucks, buses, vans and cars) powered by diesel engines.