Light Crude Oil
Brand: NIOC
Product: Light Crude Oil
Specification: Light Crude oil, Origin Iran, API 33.6, Specific Gravity 0.8568, Sulfur 1.46, Pour Point -12,Asphaltene 1.6
Quantity: 3000000 BBL
Delivery term: FOB Kharg
Offer Date: 2023-05-06
PG Platts price for  Light Crude Oil is 83.15 USD/BBL
Discount on base of PG Platts: +2.80 USD/BBL
 Price of Light Crude Oil 85.95 USD/BBL
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Light Crude Oil
Light Crude oil, Origin Iran, API 33.6, Specific Gravity 0.8568, Sulfur 1.46, Pour Point -12,Asphaltene 1.6
Ligth crude oil Origin Iran for refining and producing oil products like gas oil . Gasoline, Nahpta, Solvent 402, Kerosene, Aviation kerosene


For update of price and capacity please provide your last BL and business card along with LOI
Light Crude oil origin Iran

Iran has variety of best quality crude oils from Heavy to light and blended crude oil to comply with any kind of process definition so you can select the right one suitable for your refinery.

Price of crude oil origin Iran:
Price of crude oil varies according to destination, applied index, so please refer to website of NIOC for updates.

Price of Iran light crude oil for Asian destination based on Oman-Dubai price Plus/Minus as quoted above for each BBL and with delivery term of FOB Iran ports

Price formulation by NIOC:
If quotation is made by discounts on indexes , Having your destination and kind of crude oil please find Price index and premium or discount applied by NIOC.

Iranian Crude Oil Official Selling Price Formula attached.

How to buy crude oil origin Iran:

Option A: Payment by LC out of Iran
Contract with a trading company
Payment by LC out of Iran before unloading 
Delivery CIF the buyers destination port
Price:Plus 4.5 USD/BBL CIF unloading port


Option B: Direct Deal with NIOC 

The buyer of crude oil from Iran need to be registered by NIOC before receiving invitation letter for negotiation on allocation of crude oil, price and payment.

OPAP Consultancy is in your access to facilitate deal process and obtain allocation with confidence and shortly.

If you like to hire us for facilitating buying of crude oil please issue your initial request to us and confirm bellow terms:

1- Confirming one of specifications offered by NIOC
2- Delivery term : FOB Iran ports
3- Official Price formulation by NIOC without no more discount
4- Payment in advance for three shipment to NIOC account out of Iran in USD
5- The buyer need to be refinery as end user or have supply contract with a refinery
6- The buyer presents LOI + Resume + Fund Proof + Establishing papers
7- The buyer confirms all documents are valid and genuine 

Deal process:
1- Issuing LOI to us confirming above terms
2- The buyer signs consulting contract with us in Iran and authorize us for initial negotiation and preparing condition
3- The buyer provides all documents requested by NIOC for registration
4- The seller issues Proforma after negotiation with the buyer
5- The buyer pays to the seller according to contract and shipments start


OPAP Consultancy offers buying service to interested buyers of light or heavy crude oils from Iran.

Light Crude oil
 Origin Iran
 API 33.6
 Specific Gravity 0.8568
 Sulfur 1.46
 Pour Point -12
Asphaltene 1.6