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Basrah Heavy: Iraq's new crude blend

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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.

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    Basrah Heavy: Iraq's new crude blend

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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)

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