Iran crude prices have risen in the international market to reach $75.60 per barrel as oil has been traded below $81 pb in New York.
Iran's oil is sold at different prices in Asia, northwestern Europe, Mediterranean region and South Africa. Iran's light and heavy crude have the highest price in South Africa.
Meanwhile, oil prices dropped lower Monday amid fresh concerns that economic slowdown could damage the demand for oil and its derivates.
"The US is going to slow down Growth, in Europe looks less strong than before and in Japan too--though Japan will probably stay potential," the outgoing head of International Monetary Fund, Rodrigo Rato said.
Iran produces seven types of crude
Deputy Director of the National Iranian Oil Company (NIOC) says Iran has seven types of crude oil to offer to the international markets.
Mohammad-Ali Khatibi enumerated Iran's crude types as light, heavy, Forouzan, Lavan, Soroush, Norouz and Behregan.
He said buyers of Iran's crude are Austria, Greece, France, Italy, Portugal, Romania, Spain, Japan, India, China, South Korea, Taiwan, Singapore, Malaysia, Pakistan, Sri Lanka, South Africa and Morocco.
"Foreign buyers purchase Iran's crude oil either in the form of one-year contract or as single-party consignments," Khatibi noted.
As the world's third largest crude producer, Iran produces about four million barrels of crude oil per day. A total of 2.5 million barrels of crude are exported everyday and 1.5 million barrels are used for domestic consumption.
Via: PressTV
