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by Rocky Tue 24 May 2016, 12:34 pm
Demand Increases for both Basrah Light and Basrah Heavy
By John Lee.The head of the
State Oil Marketing Organisation (SOMO) said on Tuesday that Iraq is seeing increasing demand for its Basrah Light and Basrah Heavy crudes oil grades.
Falah Alamri told
Reuters:
“There is a lot of demand in summer, more consumption now than the beginning of the year.”He added that splitting the Basra grade into Heavy and Light had been very succcessful as it increased output, and noted that the return of
[You must be registered and logged in to see this link.] to the market had been less than expected.
(Source: Reuters)Source:
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