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 Latest Prices & Price Formula :
Iranian Crude Oil Official Selling  Price formula         
NIOC Posted Bunker Price

Monthly Iranian Crude Oil Prices

Aug 2015  

US$/Barrel

Region Light Heavy
North West Europe * 45.41 43.86
Mediterranean 45.11 43.71
SidiKerir 46.56 45.16
SouthAfrica 45.41 43.86
Asia 47.79 46.34
Weighted Average 47.00 45.67
* Freight adjustment to be applied.
     
Crude Prices ($/bbl)   
Iranian Light
Iranian Heavy
Weighted Ave.
 
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                    Selected News:   
News3

Iran working with OPEC on $70-80 oil, eyes doubling exports: Minister

2015/09/02

TEHRAN Sept. 2 (Shana) – Iranian Petroleum Minister Bijan Zangeneh said on Wednesday that Tehran in cooperation with other members of the Organization of Oil Producing Countries (OPEC) is following up decisions to bring balance back to global oil markets aiming at 70 to 80 dollars per barrel

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News2

New Oil Contracts to Transform Iran Standing  

2015/09/02

TEHRAN Sept. 2 (Shana) – Director General of Legal Affairs at the National Iranian Oil Company (NIOC) Ali-Akbar Mahrokhzad said that with a revision in Iran’s petroleum contracts, new conditions in international relations of oil and gas law are expected to emerge.

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News3

Gas Summit in Tehran Significant amid Sliding Oil Prices

2015/09/02

TEHRAN, Sept. 2 (Shana) - Latin American states have expressed their readiness to take part in the highest level in the Third Gas Exporting Countries Forum to be held in Tehran as prices are settling at record lows in global oil market, Deputy Minister of Petroleum for International and Commercial Affairs Amir Hossein Zamani Nia said.

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