Overview
Basrah Heavy is one of the export grades shipped from southern Iraq. It is heavier and more sour than Basrah Medium, which affects its refining yield and the configuration of refineries that process it.
Difference from medium crude
The main differences between Basrah Heavy and Basrah Medium are density and sulphur. Basrah Heavy has a lower API gravity (it is denser) and a higher sulphur content. Heavier crudes typically yield proportionally more heavy products unless upgraded. See Basrah Medium vs Basrah Heavy.
| Crude type | Heavy, sour |
|---|---|
| Origin | Southern Iraq (Basrah Gulf terminals) |
| API gravity | Lower than Basrah Medium (indicative, cargo-dependent) |
| Sulphur | Higher than Basrah Medium (indicative, cargo-dependent) |
| Typical terms | FOB / CIF, Incoterms 2020 |
Typical, indicative characteristics only. Actual API gravity and sulphur vary by cargo and loading; final contractual specifications prevail.
General use cases
Basrah Heavy is bought by refiners equipped to process heavier sour crude, including those with upgrading capacity. Its relative value reflects its density and sulphur against lighter, sweeter grades.
International trading
Basrah Heavy is traded on FOB or CIF terms and priced on formula pricing referenced to regional benchmarks. A cargo is nominated against a laycan and lifted on a nominated vessel.
Inspection
Quantity and quality are determined by an independent inspection company at load, with sampling and certification.
Shipping
3FB Energy & Trade coordinates shipping and logistics for the cargoes it trades, from vessel nomination through loading and documentation.
Commercial documentation
Cargoes move against a Bill of Lading, Certificate of Origin, quantity and quality certificates, commercial invoice and inspection certificates, with payment commonly through a Letter of Credit.