Kuwait Petroleum Corporation (KPC) expects the new grade of light crude oil to be exported by the end of June, Kuwaits oil minister Bakhit al-Rashidi said on Wednesday
This would be the first export of a light crude grade from the country, the minister was quoted as saying, according to a Reuters report.
The company said last year that it was working to produce a new sour grade, Kuwait Super Light, with an API gravity of 47 and a sulphur content of 1.6 percent.
According to Schlumberger's oilfield glossary, the API gravity is a specific gravity scale developed by the American Petroleum Institute (API) for measuring the relative density of various petroleum liquids, expressed in degrees.
If API gravity is greater than 10, the liquid is lighter and floats on water. If it is less than 10, it is heavier and sinks.
API gravity is gradated in degrees on a hydrometer instrument and was designed so that most values would fall between 10° and 70° API gravity.
