TEHRAN – The National Iranian Oil Company (NIOC) has raised official crude oil sales prices for Asian buyers in December, Shana reported, citing NIOC data.
As reported, the state-run Iranian Oil Company has set prices for light, heavy and Forzan crude grades to be sold in April at the average Oman/Dubai prices of $5.35, $1.85 and $1.95 respectively. did.
NIOC has set prices for light, heavy, Forouzan and Soroush crudes below Brent prices in Northwest Europe, West Asia and South Africa.
Iran has increased oil production and exports over the past year as it implements a new strategy to overcome US sanctions.
In the first five months of Iran’s current calendar year (March 21 to August 22), the country’s oil revenues increased eightfold compared to the same period last year, according to official statistics.
The Islamic Republic’s oil revenues also increased 11-fold from the previous year.
Iran’s oil exports increased significantly in the first quarter of 2022, recording the fastest growth rate among all West Asian producers. This year, Iran’s crude oil exports hit their highest level since former US President Donald Trump withdrew from the so-called Iran nuclear deal in 2018.
Back in September, Iran’s First Vice President Mohammad Mokbar said the country was now selling oil on the global market and was getting paid without issue.
“In the past, we sold oil, but we did not receive any income, and all the basic good supplies had reached the red line, but with the leadership of our leaders, we sold oil. , got paid and was able to bring in the basics.commodities,” Mokvar said at a gathering of government officials.
EF/MA
