Oil Minister: Iraq begins to export two types of crude oil to world markets

Iraq announced on Monday its intention to crude oil rating issued to the world market of crude into two types, namely, crude Rustle Basra and Basra heavy crude. Adel Abdul Mahdi, the oil minister said in a statement, Iraq will start as of today, the export of two types of oil, two Basrah Light Heavy, Basra, and we believe that this step were not only necessary, but are needed to protect the reputation and quality of Iraqi oil and to protect the production and exports and reduce the losses and damages we incur, a process conducted for the first time for the oil industry in Iraq. "He said Abdul-Mahdi, said that" Basrah Light is the historical oil to Iraq which, as indicated by the name of light oils that exceed 30 points according to the US standard for measuring the quality of the oil and when the South was the production from fields limited and the depths of the specific, the quality of oil were fixed by Basrah Light specifications, which you know well international companies and refineries. "He explained," The Oil Ministry opened on Sunday, system export of heavy oil, which first of its kind in Iraq are considered in Faw and card export up to 850 000 barrels every day. "