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.

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(Source: Reuters)

The post Iraq “to launch new Basra Medium Crude” first appeared on Iraq Business News.