Iran Oil

Iran Oil Industry: Products, Pricing, and Export Opportunities

Overview

Iran holds one of the largest proven oil reserves in the world and has long been a major player in the global energy market. With over 150 billion barrels of crude oil reserves and a daily production capacity of approximately 3 million barrels per day, Iran is a strategic energy hub in the Middle East.

Despite international sanctions that have limited its global market reach, Iran continues to export oil, particularly to regional partners and emerging markets via negotiated contracts and barter systems. The National Iranian Oil Company (NIOC), under the Ministry of Petroleum, manages most upstream and downstream operations in the sector.

Iran's Oil Products

Iran's energy exports are not limited to crude oil. The country also produces a wide range of refined petroleum products. Key exportable oil-related products include:

Crude Oil (Light & Heavy)

Condensates

LPG (Liquefied Petroleum Gas)

Gasoline

Diesel Fuel (Gasoil)

Fuel Oil

Bitumen (Asphalt)

Petrochemicals (e.g., methanol, urea, polyethylene, ammonia)

Iranian refineries such as the Abadan, Bandar Abbas, and Arak complexes are equipped to meet regional demands with competitive pricing.

General Price List (Indicative – FOB Basis, updated monthly)

ProductGradePrice (USD/MT)

Crude Oil (Light)

API 34-36

$73–$78

Crude Oil (Heavy)

API 29–31

$68–$72

LPG (Propane/Butane)

50/50 Blend

$410–$460

Gasoline (RON 92)

Euro-4 Std

$670–$720

Diesel (EN590)

Euro-5 Std

$680–$740

Fuel Oil 380 CST

HS 2.5% Max

$440–$470

Bitumen 60/70

Drum/Bulk

$320–$370

Methanol

Petrochemical

$230–$280

⚠️ Prices are indicative and vary based on destination, contract terms (CIF/FOB), volume, and sanctions compliance.

Export Requests via IranHotels.com (Hypothetical B2B Feature)

While IranHotels.com is traditionally a hospitality and tourism platform, it has recently explored expanding into business facilitation services by providing verified B2B connections for industries like oil, gas, and petrochemicals. Through partnerships with local chambers of commerce and certified export firms, the platform enables:

Verified supplier listing for oil-related exporters

Business matchmaking between buyers and Iranian refiners or traders

Multilingual customer support (Farsi, English, Arabic, Turkish)

Logistics coordination (via southern ports like Bandar Abbas or Imam Khomeini)

How to Request Oil Export via IranHotels.com

Visit the B2B export section (hypothetically: IranHotels.com/export-oil)

Fill out the “Request for Quotation” form, providing:

Type and grade of product

Quantity (metric tons or barrels)

Delivery terms (FOB, CIF)

Destination port

Receive offers from verified Iranian exporters within 24–48 hours.

Negotiate contracts directly or through an assigned trade agent.

Finalize payment & shipping logistics with Iranian banking intermediaries or barter networks.

Compliance and Legal Notes

Due to the geopolitical landscape, engaging in oil trade with Iran requires awareness of:

OFAC & EU sanctions regulations

Authorized trade corridors

SWIFT limitations and alternative payment systems

Only companies with legal clearance in non-sanctioning jurisdictions should pursue direct trade agreements.

Conclusion

Iran offers one of the most diverse and competitively priced energy product portfolios in the region. While direct trade is restricted for some countries, alternative channels continue to operate under bilateral agreements and special-purpose mechanisms.

Platforms like IranHotels.com, if evolving beyond tourism into export facilitation, can serve as a bridge between global demand and Iran's oil capabilities—especially for regional buyers in Central Asia, South Asia, and Africa.