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Basrah Heavy: Iraq's new crude blend


Basrah Heavy: Iraq's new crude blend

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.  

What's included?

This report includes 1 file(s)

  • Basrah Heavy: Iraq's new crude blend PDF - 326.86 KB 4 Pages, 0 Tables, 4 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • 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

In this report there are 4 tables or charts, including:

  • Executive Summary
  • Basrah Heavy introduced in June
  • Immediate increase of southern exports
    • Southern Iraq production by crude blend
    • Basrah Heavy production by field
  • Asia's growing appetite for heavy crude
    • Asia Pacific Upgrading Investments
  • Basrah Heavy exports to head East
    • China and India - Ideal heavy crude demand vs. Allocated volumes (2014-2020)
  • Basrah Light pricing stability returns
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