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

Monthly Iranian Crude Oil Prices

Jun 2016  

US$/Barrel

Region Light Heavy
North West Europe 44.86 42.83
Mediterranean 45.04 43.04
SidiKerir 46.59 44.59
SouthAfrica 45.39 43.39
Asia 46.90 44.80
Weighted Average 46.20 44.21

     
Crude Prices ($/bbl)   
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                    Selected News:   
News3

Iran Petchem Revenue to Cross $5.1b by Yearend

2016/07/20

TEHRAN, July 19 (Shana) – Minister of Petroleum Bijan Zanganeh said on Tuesday that projects, costing $5.4 billion and with annual production capacity of about $5.1 billion (in base price of the year 2011) worth petrochemical products, will be operational in the Iranian calendar year of 1395 (started on March 20).

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News2

Oil Derivatives' Exports Via Shahid Rajaie Port Up by 62% 

2016/07/20

TEHRAN, July 20 (Shana) – Director General of Hormuzgan Ports and Shipping Office Ebrahim Idani said on Tuesday that export of oil derivatives from Shahid Rajaie Port in the first quarter of the Iranian calendar year of 1395 (started on March 21) rose by 62 percent.

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News3

Iran Urea Outputs over 5.5mt/y

2016/07/20

TEHRAN, July 19 (Shana) -- Iran has launched the third ammonia and urea unit of Marvdasht Martyrs Petrochemical Plant which brings the country's total output of the commodities to 4.5mt/y for ammonia and 5.5mt/y for urea.

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