Price Formula

 

Iranian Crude Oil Official Selling Price Formula

 [for: May 2008]

 

Region

  North West Europe* Mediterranean Sidi Kerir South Africa   Asia

Grade

Price

Index

(FOB Kharg) (FOB Kharg)

(FOB SidiKerir)

(FOB Kharg) Price

Index

(FOB Kharg)
Iran Light Ice

Bwave

-4.50 -6.30 -4.10 -4.50 Average

(Oman,

Dubai)

+1.85
Iran Heavy -6.90 -8.80 -6.60 -6.90 -3.25
Forozan Blend -6.85 -8.75 -6.55 -6.85 -3.16
Soroosh Iran

Heavy

- -8.20 - - Iran

Heavy

-13.15
Nowrooz - -7.60 - - -12.55
*: Freight adjustment to be applied.

 

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