Price Formula

 

Iranian Crude Oil Official Selling Price Formula

 [for: September 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

-5.50 -6.45 -4.25 -5.50 Average

(Oman,

Dubai)

+1.00
Iran Heavy -7.45 -9.35 -7.15 -7.45 -3.17
Forozan Blend -7.50 -9.40 -7.20 -7.50 -3.10
Soroosh Iran

Heavy

- -7.45 - - Iran

Heavy

-12.33
Nowrooz - -6.85 - - -11.73
*: Freight adjustment to be applied.

 

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