24-09-04
Traditional ways of trading have resulted in low prices for Iran’s oil in the world markets, an Iranian expert stated.
Pointing to the current rates in oil markets, Ali Reza Yarnouri said that Iran
offers its products at least ten dollars cheaper than other known crude oils
like Brent or West Texas.
Although some experts believe that the quality of Iran’s oil is pretty
lower than market hits such as West Texas Intermediate, Yarnouri stressed that
the difference had not been so big in the past.
"The oil ministry’s unwise policy jeopardizes the position of Iran’s
oil products in international markets. Instead of copying oil pricing strategies
of countries like the UAE, we should follow those which have had great
accomplishments in the world markets," he suggested, discussing Norway’s
systematic ways of organizing oil trade. During the recent go-ups in world
markets, Scandinavia marked the biggest gain in its oil trading history.
Source: IranMania