Mediterranean Refiners look to Iraq

By Elena Mataro for Argus Media. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

The EU's ban on Russian seaborne crude imports has opened the door to an increased flow of sour Middle East grades into the Mediterranean.

Iraq's Basrah grades have already emerged as a popular alternative to medium sour Urals, with many European refiners shunning Russian crude months ahead of the embargo.

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