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  • 16-11-22

    Iran increases December oil prices for Asian market

    (MENAFN) National Iranian Oil Company (NIOC) has surged its official crude oil trading prices for Asian clients in December, Shana mentioned in a report quoting the NIOC figures.

    According to reports, the National Iranian Oil Firm has set the costs of light, heavy and Foruzan crude grades for sale in April at USD5.35, USD1.85, as well as USD1.95 higher than the Oman / Dubai average prices, individually.

    NIOC has valued its light, heavy, Forouzan, as well as Soroush crude grades under the Brent costs in northwestern Europe, West Asia, as well as South Africa.

    Iran has been increasing its oil output and shipments more than the last year as the nation has been forcing additional plans to deal with U.S. restrictions.

    The nation’s oil incomes jumped by eight times in the opening five months of the ongoing Iranian calendar year (March 21-August 22) with respect to the same time span of the prior year, as shown by official statistics.

    The Islamic Republic’s oil revenue also jumped by 11 times in the last year.

    MENAFN16112022000045014228ID1105190217

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