|Date||Price US$ per bbl||Price US $ per MT||Long Tons||US Gallons,$|
Soroosh Historical price
- In 2017 maximum price $58 per bbl (2017-12-29)
- In 2018 maximum price $45 per bbl (2018-12-27)
- In 2019 maximum price $58 per bbl (2019-12-31)
- In 2020 maximum price $43 per bbl (2020-12-31)
- In 2021 maximum price $70 per bbl (2021-12-31)
- In 2022 maximum price $76 per bbl (2022-12-30)
- In 2023 maximum price $77 per bbl (2023-02-16)
Soroosh Crude Oil: A Comprehensive Guide
Crude oil is one of the most valuable natural resources in the world and plays a significant role in the global energy market. Soroosh crude oil, in particular, is a high-quality crude oil that is sought after by many oil refineries due to its low sulfur content and high yields of gasoline, diesel, and jet fuel. In this article, we will delve into the characteristics, production, and significance of Soroosh crude oil.
What is Soroosh Crude Oil?
Soroosh crude oil is a high-quality crude oil that is produced in Iran. It is named after the Soroosh oil field, which is located in the Persian Gulf and is one of the largest oil fields in the world. Soroosh crude oil has a low sulfur content of 0.15%, which is much lower than the average sulfur content of other crude oils. This low sulfur content makes Soroosh crude oil a desirable feedstock for oil refineries, as it allows them to produce higher yields of high-quality gasoline, diesel, and jet fuel.
Characteristics of Soroosh Crude Oil
Soroosh crude oil is known for its high API gravity, which is a measure of the oil's density and an indicator of its quality. The API gravity of Soroosh crude oil is around 35, which is higher than the average API gravity of other crude oils. This high API gravity means that Soroosh crude oil is less dense and more valuable than other crude oils.
In addition to its low sulfur content and high API gravity, Soroosh crude oil is also known for its high yields of gasoline, diesel, and jet fuel. Soroosh crude oil is processed in oil refineries to produce these valuable products, which are essential for transportation and energy production.
Production and Significance of Soroosh Crude Oil
Soroosh crude oil is produced by the National Iranian Oil Company (NIOC) and is exported to countries all over the world. Despite the challenges posed by international sanctions and a highly competitive global oil market, Soroosh crude oil continues to be a significant source of revenue for Iran and an important player in the global energy market.
Soroosh crude oil's low sulfur content and high yields of high-quality products make it a valuable feedstock for oil refineries. As the demand for clean energy continues to grow, Soroosh crude oil's low sulfur content will become even more important as refineries seek to reduce their emissions and meet stricter environmental regulations.
In conclusion, Soroosh crude oil is a high-quality crude oil that is sought after by many oil refineries due to its low sulfur content and high yields of gasoline, diesel, and jet fuel. It is produced by the National Iranian Oil Company and is an important player in the global energy market. Soroosh crude oil's low sulfur content and high yields of high-quality products make it a valuable feedstock for oil refineries and will become increasingly important as the demand for clean energy continues to grow.
Frequently Asked Questions
What is the production capacity of the Soroosh oil field? The production capacity of the Soroosh oil field is approximately 200,000 barrels of oil per day.
How is Soroosh crude oil transported? Soroosh crude oil is transported via pipeline to the Kharg Island terminal in the Persian Gulf, where it is loaded onto oil tankers for export.
Is Soroosh crude oil subject to international sanctions? Yes, Soroosh crude oil, like all Iranian crude oil, is subject to international sanctions. However, these sanctions have been lifted in recent years, allowing for increased exports of Soroosh crude oil.
What makes Soroosh crude oil unique compared to other crude oils? Soroosh crude oil is unique due to its low sulfur content, high API gravity, and high yields of gasoline, diesel, and jet fuel. These characteristics make it a valuable feedstock for oil refineries and a desirable commodity in the global energy market.
Is Soroosh crude oil environmentally friendly? While all crude oils have an environmental impact, Soroosh crude oil's low sulfur content makes it a relatively cleaner feedstock for oil refineries. In addition, the National Iranian Oil Company is committed to reducing its environmental impact and has implemented several initiatives to reduce its emissions and improve its environmental performance.
Sources of Information
The information presented in this article has been compiled from a variety of sources, including academic research papers, industry publications, and official reports from the National Iranian Oil Company and the Iranian Ministry of Petroleum.
We have also consulted with industry experts and conducted extensive research to ensure the accuracy and reliability of the information presented in this article.
If you would like to learn more about Soroosh crude oil, we encourage you to explore the following sources:
- The National Iranian Oil Company's official website: http://www.nioc.ir/
- The Iranian Ministry of Petroleum's official website: https://en.mop.ir/
- The International Energy Agency's website: https://www.iea.org/
- The Energy Information Administration's website: https://www.eia.gov/
By consulting these sources, you can gain a deeper understanding of the global energy industry and the role that Soroosh crude oil plays in it. We hope that this article has provided you with a comprehensive overview of Soroosh crude oil and its importance in the global energy market.