Tag Archives | Basra Medium

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 […]

Iraq could introduce Basrah Super Light oil grade

By John Lee. Iraqi oil minister Thamir Ghadhban has reportedly said he plans to offer a new Basrah Super Light grade, with up to 38 API gravity, in the next few years. According to S&P Global Platts, he added that this would depend on the development of the country's southern fields. A Basrah Medium grade, […]

Iraq to launch new "Basrah Medium" Crude Oil Grade

By John Lee. Platts reports that Iraq plans to launch a new Basrah Medium crude oil grade "whenever logistics allow," to provide "more stability" in existing grades. It quotes Ali Nazar al-Shatari, the┬áDeputy Director General of the State Oil Marketing Organization (SOMO) as saying the new grade will have an API gravity of 29-30 degrees, […]