A method of liquefying and dissolving crystalline petroleum paraffin wax and high molecular weight polyaromatic asphaltenes found in petroleum into a diluent comprising crude oil and/or refined distillate products with a minimum to no separation from the diluent, comprising mixing the petroleum with the diluent and with a substantially non-aqueous chemical composition of matter that is made by blending the following components:
- (a) a wax plasticizing agent (plasticizer), tributoxyethyl phosphate (KP-140) that comprises between 0.5 to 98 percent by weight of the blend;
- (b) a blend of fatty acids comprising myristic, palmitic, stearic, oleic, linoleic and lineoleic acids in which the blend comprises between 5.0 to 90 percent by weight of the blend;
- and
- (c) a mixture of surface active agents capable of reducing the surface tension of the final solution to an interfacial surface tension of less than 1 dyne per cm, and comprising between 0.5 to 2.5 percent by weight of the blend, wherein the substantially non-aqueous composition includes not more than 0.5% water by weight.