Crude Oil

QUICK OVERVIEW

Crude oil is a natural product that contains hydrocarbon reserves and other organic materials. A kind of fossil fuel, crude oil can be used to produce useful products such as gasoline, diesel, etc in various types of petrochemicals.

According to the NIOC, light crude oil supply notification of National Iranian Oil Company in International Ring has published in Iran Energy Exchange (IRENEX). National Iranian Oil Company intends to by the end of October this year, propose to supply one million barrels of crude oil at the International ring of IRENEX.

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Crude Oil

‏According to the NIOC, light crude oil supply notification of National Iranian Oil Company in International Ring has published in Iran Energy Exchange (IRENEX). National Iranian Oil Company intends to by the end of October this year, propose to supply one million barrels of crude oil at the International ring of IRENEX.

How You Can Buy From Iran?

Accordingly, sales in the form of 20% in rial and 80% of the other currency (USD) which clearing of Rial section (in accordance with the Sana rate Conversion) will take place in cash before delivery of cargo and clearing of other currency section with credit (by providing a bank guarantee, a pledge of valid repayment of accepted banks from the NIOC after the delivery of the goods).

Buyers to participate in the transaction, must pay 10% of the order value as an advance payment before the offer in Rial to the Central Securities Deposits and Settlement of funds Accounts, which will be part of a 20% in rial if it is traded.

Buyers based on the declared fix price of the National Iranian Oil Company which will be based on the international transaction prices of the company, will compete on the price of crude oil which creation of such a competitive environment is expected to lead to a fair and transparent price discovery.

‏The minimum orders for delivery of crude oil to buyers is at least 5,000 tons (equivalent to about 35,000 standard barrels). Of course, buyers can take larger shipments by aggregating purchase contracts.

About Crude Oil

Crude oil is a natural product that contains hydrocarbon reserves and other organic materials. A kind of fossil fuel, the usage of crude oil is to producing useful products such as gasoline, diesel, etc in various types of petrochemicals. The source is irreversible, which means it cannot be naturally replaced by the amount consumed. Therefore, it is a limited source.

     

 

Additional Information

specific gravity @ 15.56/15.56 C

0.8568 (ASTM D5002)

API Gravity

33.6 (ASTM D5002)

Sulfur Content total

1.46 (ASTM D4294)

H2S Content

86 (IP 570)

Mercaptan Content

60 UOP 163

Nitrogen Content Total

0.13 (ASTM D5762)

Water & Sediment

< 0.05 (ASTM D4007)

Water content

< 0.025 (ASTM D4006)

Salt Content

7 (ASTM D3230)

Kinematic Viscosity @ 10 °C

19.5 (ASTM D445)

Kinematic Viscosity @ 20 °C

10.88 (ASTM D445)

Kinematic Viscosity @ 40 °C

6.319 (ASTM D445)

Pour Point (Upper)

-1 (ASTM D5853)

Reid Vapor Pressure

8.95 ( ASTM D323)

Asphaltene Content

1.6 ( IP 143 )

Wax Content

4.8 (BP 237)

Drop Melting Point of Wax

57 (IP 133)

Conradson Carbon Residue

4.50 ( ASTM D189)

Total Acid Number

0.12 (UOP 565)

Nickel Content

11 (ASTM D5863)

Vanadium Content

40 (ASTM D5863)

Iron Content

<1 (ASTM D5863)

Lead Content

<1 (ASTM D5863)

Sodium Content

8 (ASTM D5863)

Zinc Content

<1 (ASTM D5863)

Copper Content

<1 (ASTM D5863)

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