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Oil Alerts
Crude Alert - Iraq to Launch Basrah Medium Grade in 2021: Background, Drivers, and Implications
Published: 3 December, 2020
Highlights:
- SOMO will split the existing Basrah Light into two grades from January 2021: Basrah Medium and a new version of Basrah Light with a different specification.
- Grade stability and increasing API compensation costs were the main drivers behind this move.
- Although there were good reasons for SOMO to delay ...
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