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 Latest Prices & Price Formula :
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Monthly Iranian Crude Oil Prices

Jan 2017  

US$/Barrel

Region Light Heavy
North West Europe 50.49 48.75
Mediterranean 50.47 48.67
SidiKerir 52.47 50.67
SouthAfrica 51.27 49.57
Asia 53.29 52.15
Weighted Average 51.85 50.93

     
Crude Prices ($/bbl)   
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                    Selected News:   
News3

Expensive Oil not to Benefit OPEC Members in Mid-Term: Iran

2017/02/23

TEHRAN, Feb. 22 (Shana) – Too expensive crude oil does increase revenues of the Organization of the Petroleum Exporting Countries (OPEC) but would ultimately damage their economies because the rivals will increase output at high oil prices, Iranian Minister of Petroleum Bijan Zangeneh said.

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News2

Tehran, Baghdad Seal Oil, Gas Coop. Deal 

2017/02/23

TEHRAN, Feb. 21 (Shana) – The petroleum ministers of Iran and Iraq have signed a memorandum of understanding (MoU) for cooperation in various oil and gas-related grounds.

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News3

Iran Eyes 3mbd Refining Capacity by 2021: Minister

2017/02/23

TEHRAN, Feb. 17 (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh says Iran’s hydrocarbon refining capacity will cross 3 million barrels per day by the end of the 6th five-year development plan to 2021.

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