SUBSCRIBER NOTE: Platts proposes to publish Basrah Heavy crude OSP

Platts proposes to start publishing the official selling price for the new Basrah Heavy crude grade marketed by Iraq's State Oil Marketing Organization.

SOMO said in March it would issue the OSP starting with May loadings.

The new grade, with an API gravity of 25-26 degrees, has an OSP for loadings to Asia, Europe and the US.

The new OSP is a differential to the average of Oman and Dubai published by Platts for the month of loading for Asian loadings, a differential to Dated Brent for Europe, and a differential to the Argus Sour Crude Index for US loadings.

The assessment will be published on Platts Global Alert page 1059 and in the Platts assessment database.

Please send feedback by May 1, 2015, to asia_crude@platts.com and pricegroup@platts.com.

For written comments, please provide a clear indication if the comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.