Iran: Depot of 1.2 million tons of oil and oilseeds at customs; market price increase

Published 2021년 7월 7일

Tridge summary

A report by ISNA reveals that Iran's ports and customs are storing significant amounts of crude oil and oilseeds, with the total reaching over 1.2 million tons. This includes 375 thousand tons of crude oil and 473.7 tons of oilseeds in warehouses, alongside 385,000 tons in vessels. This surge in oil and oilseeds comes amidst rising concerns about the impact of increasing oil prices and shortages, which have led to long queues and double or triple the prices of last year. The most recent Statistics Center report shows that the average price of liquid oil in June was 16,600 Tomans, while solid oil prices soared to over 30,000 tomans per kilogram, marking an increase of 89% and 141.2% for liquid and solid oil, respectively, compared to the same period last year.

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Original content

According to ISNA, the study of the accumulation of oil and raw materials for oil production in customs and ports indicates that currently 375 thousand tons of crude oil and more than 473.7 tons of oilseeds have been stored in customs and ports. In addition, a significant amount of oil and oilseeds has reached the ports by vessels, which are either unloading or waiting at the pier, which totals about 385,000 tons. Accordingly, at present, the total amount of oil and oilseeds in ports and vessels is more than 1.2 million tons, while the flow of foreign exchange for oil imports and customs clearance has always been important. . On the other hand, the study of the oil market since last year was faced with rising prices and, of course, shortages at times, and long queues were formed to supply oil, especially solid oil. Liquid oil became up to twice as expensive In this regard, an examination of the price of oil in a recent report released by the Statistics Center on the situation of ...

Source: Isna