Boasting a history of several millennia, rich natural resources, a young and highly educated workforce, and last but not least, a disdained geopolitical position, Iran is located at the crossroads of opportunities. Sharing international borders with 15 sovereign states, Iran ranks 17th in terms of geographical size and 18th in terms of population and the world, and provides access to a large market of around 600 million people across the region.
Apart from its rich oil and gas resources, Iran also has other valuable mineral reserves. With 1% of the world’s population, the country has 7% of the global mineral resources. In addition, Iran is one of the major global exporters of steel, petrochemicals, and cement.
The National Iranian Oil Company (NIOC) announced on Sunday the official selling prices (OSPs) for its crude oil in January 2025. Iranian Light crude oil for the Asian market will be priced at $1.35 per barrel above the Oman/Dubai average, which serves as the regional benchmark.