Light Crude Oil
Light crude oil from northern Iraq is a significant component of the region’s petroleum industry. This oil is typically characterized by its low density and low sulfur content, making it relatively easy to refine into high-value products like gasoline. Light crude oil from northern Iraq generally has an API gravity of around 35-45 degrees, which indicates lighter oil that is easier to refine. The sulfur content is usually low, which means it is classified as “sweet” crude oil. This makes it more desirable on the global market due to lower processing costs and fewer environmental regulations. Light crude oil from northern Iraq plays a pivotal role in the regional and global oil markets, with its high quality making it a valuable resource.