1161             NATIONAL IRANIAN OIL COMPANY             NIOC	
                                                                	
                  NIOC'S POSTED BUNKER PRICES                   	
                ==============================                 
PLEASE BE INFORMED THAT EFFECTIVE 01/02/2011 THE EX WHARF PRICE 
FOR BUNKER  DELIVERIES BY NIOC IN THE PERSIAN GULF ARE AS       
FOLLOWS UNTIL FURTHER ANNOUNCMENT:                              
  
    PORT                  IFO 280 CST             IFO 380 CST     
------------------      -----------------       ---------------  
EX KHARG ISLAND    726.50  U.S. DOLLAR /MT  721.00  U.S. DOLLAR /MT
EX BANDAR MAHSHAHR 724.50  U.S. DOLLAR /MT  719.00  U.S. DOLLAR /MT




THE ABOVE PRICES ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE.