Iran`s Crude Oil above 77 Dollars a Barrel

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The price of Iran`s crude oil continues to rise as the price of Iranian light oil has passed 77 dollars per barrel.

The average price of Iran`s light oil increased 43 cents in the week ending May 25 to reach 77.03 dollars per barrel. the official website of Iran`s Petroleum Ministry announced on Saturday.

The average price of Iranian oil since the beginning of the current year has been 67.41 dollars per barrel.

Iran exported some 300.000 barrels of gas condensates and nearly 2.4 million barrels of crude oil in May.