Tag Archives | Basra Medium crude

Iraq Cuts its Basra Light Crude Oil Blend

By Gerald Jansen, for Oil Price. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Cuts Its Once-Popular Basrah Light Crude Oil Blend When Iraq introduced Basrah Medium into its portfolio of crude grades, it was believed that a stricter delineation of qualities […]

IOC buys its First Cargo of "Basra Medium" Oil

By John Lee. The Indian Oil Corporation (IOC) has reportedly loaded its first cargo of Iraq's new "Basra Medium" crude grade. According to the Financial Post, the ship is expected to arrive at Chennai port for IOC's subsidiary Chennai Petroleum Corp (CPCL) around 14th January. More here. (Source: Financial Post)

Iraq "to launch new Basra Medium Crude"

By John Lee. Iraq's State Oil Marketing Organization (SOMO) has reportedly notified clients that it plans to launch a third crude oil export grade in January. Sources told Reuters that the 'Basra Medium' grade will be created by splitting the existing Basra Light production into two grades. Click here to read the full article. (Source: […]