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Iraq Could Introduce Basrah Super Light Oil Grade

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, with an API gravity of 29-30 and 2 percent sulfur, is dependent on refurbishments to Iraq’s southern export and storage terminals.

 

Iraq currently ships Basrah Light and Basrah Heavy, which it introduced in mid-2015.

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