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Iran cut oil prices to customers of Asia and the Mediterranean Sea, starting from next August
Date: 11/07/2016 10:57
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Information / Baghdad ..
Iran announced on Monday for the reduced price of the sale of oil to its customers in Asia and the Mediterranean Sea and the Egyptian port of Sidi Krier, starting from next August in a continuing effort to regain market share in those regions after the lifting of sanctions on Tehran.
Iran and recorded sales member of the Organization of the Petroleum Exporting Countries (OPEC), the highest level in four and a half years in June, representing nearly double the size of its oil sales compared to December after being lifted sanctions on exports of crude in January.
And downwards in crude prices compared to Saudi Arabia, Iran and Iraq have attracted as new customers in countries such as Poland and spurred increased demand from existing buyers in Asia.
And identified the National Iranian Oil Company official selling price for Iranian Light crude to buyers in Asia, the price at 45 cents a barrel above the average Oman and Dubai crude prices for the month of August, down 40 cents from the previous month.
Iranian heavy crude and kept the price difference between it and the Saudi Arabian crude average discount of 25 cents a barrel from the recent price, while the price of light crude without Vuruzan Arabian crude price by five cents a barrel, as shown by the prices.
The northwest region of Europe the only region that recorded a rise in crude prices Alaarani.anthy / 25 R.
http://almaalomah.info/2016/07/11/economic/65924
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