Iran and Iraq will lower oil prices for Asia
Almaty. February 11. KazTAG - Iran and Iraq will lower oil prices for Asia to the minimal level fixed in the period of more than 10 years, reports the TASS news agency.
"The barrel of Iraqi oil Basrah Light will be traded $4.1 cheaper than the main oil brands of the Near East, which is the highest discount for this oil brand since August 2003. Meanwhile, the oil company of Iran - National Iranian Oil - has lowered official Brent oil price by $2.1, offering the maximum discount since March 2000," reads the message.
As it was previously reported Saudi Arabia will offer the maximum discount in the past 14 years in March. Saudi Arabian oil company lowered oil price for Arab Light by 90 percent. Now the price of Arab Light is $2.3 lower than the main oil brands of the Near East.