┬áMed, NW Europe refineries replacing Urals with Basrah Medium, Basrah Heavy Asia taking more Russian crude as Europe turns away Medium sour Urals competes with many Middle Eastern crudes Iraq is redirecting crude flows from its primary customer base in Asia to refineries in Europe — and may soon be able to offer more volumes with the upgrading of a loading port, officials with state marketer SOMO said May 12, as Western countries have sought to wean themselves off of Russian oil. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “There is more European interest for us now that China and India are buying more Russian oil,” one official told S&P Global Commodity Insights on condition of anonymity. This is a slight change in policy for Iraq, which in recent years had earmarked around 70% of its oil for Asian buyers, underpinning […]