Iraq Lines Up Over 200,000 b/d of Basrah Light Sales to Japan

MEES understands that Iraq has now lined up over 200,000 b/d of sales of Basrah Light crude to Japanese customers, to be lifted from the Yanbu' terminal on Saudi Arabia's Red Sea coast through the newly completed 500,000 b/d Iraqi-Saudi pipeline link. The first cargo of Basrah Light, lifted by Brazil's Petrobras, was loaded at Yanbu' on 30 September.

Deals for fourth-quarter sales of Basrah Light to...