INSUBCONTINENT EXCLUSIVE:
TEHRAN - National Iranian Oil Company (NIOC) has increased its crude oil selling prices (OSP) for Asian buyers in August amid a global surge
increase affected four grades of Iranian oil namely Light, Heavy, Soroush and Forouzan.The NIOC had set the August OSP of Iranian Light
grade for Asia at $8.9 a barrel above the Oman/Dubai average, up $2.80 from the previous month.The prices for Iranian Heavy, Forouzan, and
Soroush grades are also set to be $5.6, $5.65, and $1.45 above the Oman/Dubai average, respectively.Iran has been shipping its oil into the
global markets successfully despite the United States sanctions and over the past year, the export of Iranian crude oil increased
the cabinet meeting on June 22.Considering the increase in exports, NIOC has also been ramping up production so that according to Oil
repairing wells, rebuilding and modernizing facilities, and oil collection centers, the current oil production capacity has reached before
