Trade Parameters
5,000,000 bbl
$74.50
Iraqi Crude Grade Specification
API Gravity
29.5°
Sulphur Content
3.00%
SOMO OSP Diff vs Brent
-$1.25/bbl
Refining Complexity
High Conversion
Shipping Route & Destination
WS 65
Arbitrage Status:
Verified Profitable Arbitrage
Effective Cargo FOB Price
$73.25
per barrel (Brent + OSP)
Delivered Cost / Barrel
$74.225
FOB + Shipping Freight
Total Cargo Gross Value
$366,250,000
5,000,000 bbls
Est. Freight Transport
$4,875,000
$0.975 / bbl
Refining Margin Spread (Crack Margin vs Delivered)
+$4.85 / bbl
Regional refinery complex gross yield margin
Based on exclusive market intelligence regarding Abu Dhabi National Oil Company (ADNOC) Trading acquiring Iraqi crude for international refinery feeds.