Bitumen

Bitumen / ˈbɪtjʊmən/ an organic mineral accumulated underground, consisting of solid viscous hydrocarbons.  From a genetic point of view, oil, natural gas, gas condensate, and derivatives of oil – malt, asphalt, kerite, ozokerite and other natural bitumens belong to the class

Ex. The refinery processed bitumen extracted from oil sands, a valuable resource for various industrial applications.