Monday, Dec 12, 2011

SINGAPORE (Dow Jones)--National Iranian Oil Co. has posted its official selling price for Iranian Light crude oil at $4.36 above the average of Oman and Dubai price assessments for January term supply to Asia, an increase of $1.62 from the previous month, a company official said Monday.

NIOC raised the January OSP for Iranian Heavy and Forozan Blend to $2.74 and $2.92 above Oman-Dubai respectively, and cut the OSP of Soroosh and Norooz for Asia to $3.89 below Iran Heavy.

-By Gurdeep Singh, Dow Jones Newswires; 65-6415 4064; gurdeep.singh@dowjones.com

(END) Dow Jones Newswires

12-12-11 0305GMT