Engine Oil Prices in Iran
Iran in the Middle East country has a strategic position in the Persian Gulf region, and the Strait of Hormuz to its south is a vital route for crude oil transportation. Engine oil, which plays the role of blood in the arteries of the engine, is produced from compounds such as base oil and additives. There are air routes between most of the world's major countries and Iran's top cities. Engine oils are classified into different viscosity grades, such as 5W-30 or 10W-40. Oil and natural gas are Iran's most important exports, and imports are: non-electrical machinery (17 percent of total imports), iron and steel (14 percent), chemicals and related products. Engines come in various designs, sizes, and configurations, each with its own unique operating characteristics
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Iran is the world's fourth-largest oil producer, with 9.4 percent of the, and the world's first-largest gas reserves with 18 percent of the world's proven gas reserves. The production of motor oils in West Asia can be affected by fluctuations in global crude oil prices. The Customs of the Islamic Republic of Iran is a governmental organization subordinated to the Ministry of Economic Affairs and Finance. The main functions of engine oil is to lubricate the moving parts of the engine
- Iran Paraffin Market
- Iran Bitumen Market
- Iran Petroleum Coke Market
- Iran Engine Oil Market
- Iran Base Oil Market
The assigned missions are prepared by the Customs of the Islamic Republic of Iran and after the approval of the Minister of Economic Affairs and Finance, are approved by the Council of Ministers. The Customs of the Islamic Republic of Iran include the Central Headquarters of the Iranian Customs and the Customs and Enforcement Customs. It is as follows:
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