Tag Archives | oil quality

Plans for 2 Crude Export Grades Shelved

By John Lee. Iraq’s State Oil Marketing Organization (SOMO) has reportedly abandoned plans to sell two grades of crude oil from its southern Gulf terminals next year. Platts reports that SOMO informed customers last week that “due to logistical issues” a single type of crude will continue to be marketed in 2015, but with two […]

Basra Light Crude may Split into 2 Grades

By John Lee. The Iraqi State Oil Marketing Organization (SOMO) has proposed splitting its Basra Light crude supply into two grades. Reuters cites trade sources as saying that SOMO and has requested feedback on the proposal by the end of the week from buyers in Asia. Iraq now plans to offer two grades of crude for […]