Product Name: Basra Light Crude Oil
Origin: Iraq API Gravity: ~30-31
Sulfur Content: ~2.87%
Delivery Terms: FOB Basra, Iraq
Quality Assurance: SGS or equivalent certification
Product Overview
Basra Light Crude Oil is one of Iraq's premium crude oil grades, known for its moderate API gravity and relatively high sulfur content. It is a sought-after crude oil for refineries that specialize in processing heavier grades into diesel, gasoline, jet fuel, and petrochemical feedstocks.
Key Characteristics:
Moderate API gravity (~30-31), making it a balanced crude for refining operations
Higher sulfur content (~2.87%), typically requiring desulfurization but yielding valuable middle distillates
Ideal for refining into diesel, gasoline, and jet fuel
Stable and consistent supply via Iraq's major oil terminals
Important Note: Iraq's Crude Oil Sales Process
Unlike many global markets, Iraq operates differently in crude oil sales, particularly through SOMO (State Organization for Marketing of Oil). This means:
* Only qualified buyers and refineries can engage in direct purchases.
* Strict registration, compliance, and financial verification processes are required.
* Transactions involve long-term contracts or structured agreements with SOMO.
If you are interested in securing Basra Light Crude Oil, please contact us for more. Our team will guide you through the proper procedures to ensure compliance with Iraq's regulatory framework for crude oil sales.
Iraqi Light Crude Oil Offer:
1. Availability:
Up to 2 million barrels per month (and potentially more).
2. First Deal:
The initial transaction can be a spot deal, followed by a long-term contract (yearly).
3. STS (Ship-to-Ship):
Transfer point: Oman
4. Documentation:
All documents will reflect Oman as the source, though the original origin is Iran.
5. Product Quality:
The crude oil specifications are very good.
6. Document Changes:
All official documents will be updated to show Oman as the origin.
Important Note: Iraqâ??s Crude Oil Sales Process
Unlike many global markets, Iraq operates differently in crude oil sales. This means:
1. Only qualified buyers and refineries can engage in direct purchases.
2. Strict registration, compliance, and financial verification processes are required.
3. Transactions involve long-term contracts or structured agreements.
If you are interested in securing Heavy or Light Crude Oil, please contact us . Our team will guide you through the proper procedures to ensure compliance with Iraq's regulatory framework for crude oil sales.