China’s state-run refineries, modern integrated plants embrace new Iraqi Basrah Medium crude

S&P Global Platts | Feb 23, 2021 at 4:05 AM
  • China is poised to receive about 21 million barrels of the new Iraqi crude grade Basrah Medium by mid March.
  • Saudi Aramco has put a price tag on its Arab Medium crude for loading in March at Platts Dubai/Oman plus 75 cents/b and Arab Heavy crude at a premium of 30 cents/b.
  • Qatar Petroleum and Kuwait Petroleum Corp. have set their flagship medium sour export grades Marine crude and Kuwait Export Crude, or KEC, at a premium of 65 cents/b to Platts Dubai/Oman.