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

Monthly Iranian Crude Oil Prices

Jul 2016  

US$/Barrel

Region Light Heavy
North West Europe 41.94 39.82
Mediterranean 42.00 39.80
SidiKerir 43.55 41.35
SouthAfrica 42.10 40.00
Asia 43.73 41.63
Weighted Average 42.98 41.05

     
Crude Prices ($/bbl)   
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                    Selected News:   
News3

Damage of Not Developing Joint Fields, Irreparable: Official

2016/08/23

TEHRAN, Aug 22 (Shana) – Director of International Affairs at National Iranian Oil Company (NIOC) Mohsen Qamsari says Iran is in a dire need for foreign investments for maximum recovery of its oil and gas fields, saying any delays in development of joint fields will incur irreparable damage on the country's petroleum industry.

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News2

Over $6bn Worth Petrochemical Products Exported in 1st 4 Months 

2016/08/23

TEHRAN, Aug 22 (Shana) – Export of petrochemical products showed remarkable increase in value in the first four months of this Iranian calendar year of 1395 (started on March 20) and exceeded six billion dollars.

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News3

LPG Output of Fajr Jam Refinery Hits 87,000 Tons

2016/08/23

TEHRAN, Aug 21 (Shana) – Managing Director of Fajr Jam Gas Refining Company Hadi Hashemzadeh Farhang says since the Iranian calendar year of 1392 (2013-14), his refinery has produced and marketed 87,000 tons of liquified petroleum gas (LPG).

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