Insight

Basrah Heavy: Iraq's new crude blend

This report is currently unavailable

This report is currently unavailable

Get this Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.
 

Report summary

The first loadings of Basrah Heavy crude were exported out of Fao, southern Iraq, in June 2015. The new grade has the potential to alter heavy crude trade flows to Asia, as the appetite for heavy crude there has grown recently with the start-up of complex refineries. Across India and China, there is a gap of 430,000 b/d between ideal demand for heavy crude and allocated volumes by 2020. Basrah Heavy will help fill this gap.  

Table of contents

  • Executive Summary
  • Basrah Heavy introduced in June
  • Immediate increase of southern exports
  • Asia's growing appetite for heavy crude
  • Basrah Heavy exports to head East
  • Basrah Light pricing stability returns

Tables and charts

This report includes 4 images and tables including:

Images

  • Southern Iraq production by crude blend
  • Basrah Heavy production by field
  • Asia Pacific Upgrading Investments
  • China and India - Ideal heavy crude demand vs. Allocated volumes (2014-2020)

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898