Iran Oil & Gas Products – Price, Delivery & Payment Terms

Here's a refined list of Iran’s key oil and gas products with all prices converted to U.S. Dollars (USD), along with standard delivery terms and payment conditions used in international trade.

 Iran Oil & Gas Products – Price, Delivery & Payment Terms

ProductEstimated Price (USD)Delivery TermsPayment Terms

Crude Oil

$62.70 per barrel

FOB Bandar Abbas or CIF

Advance T/T, LC, or barter (INSTEX, rupee-rial swaps)

Gasoline (Petrol)

$0.35–$0.45 per liter

Bulk tanker or ISO container

Prepayment, LC, government-approved buyers

Diesel

$0.20–$0.30 per liter

FOB Persian Gulf ports

T/T or LC, bundled contracts

Liquefied Petroleum Gas (LPG)

$450–$600 per metric ton

FOB Assaluyeh or CIF

Spot or long-term, sanctioned-compliant channels

Naphtha (Light/Heavy)

$500–$650 per metric ton

FOB Abadan or Bandar Abbas

LC at sight or 30-day credit

Fuel Oil (280 CST / 380 CST)

$400–$500 per metric ton

FOB Mahshahr or Lavan

T/T or LC, NIOC clearance required

Natural Gas (Export)

$3.50–$5.00 per MMBtu

Pipeline or LNG (limited)

Long-term G2G contracts, currency swaps

 Delivery Terms Explained

FOB (Free on Board): Buyer pays shipping from Iran’s port

CIF (Cost, Insurance, Freight): Seller covers shipping to buyer’s port

Pipeline: Used for natural gas exports to Iraq, Turkey, etc.

 Payment Terms Explained

T/T (Telegraphic Transfer): Direct bank transfer before shipment

LC (Letter of Credit): Bank-guaranteed payment upon delivery