Asian refiners are poised to benefit from the sale of Iraq’s new Basrah Medium crude oil in 2021 as the medium-heavy sour grade would enable them to align their Middle Eastern feedstock procurement options with their refinery linear programming models in a more cost-effective manner. The entire Iraqi Basrah crude complex would undergo a major …
The post Commodities 2021: Asia looks to embrace new Iraqi crude as refiners draw up cost-cut plan first appeared on Hellenic Shipping News Worldwide.