NIOC to Offer Heavy Crude Oil on IRENEX
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the international floor of the Iran Energy Exchange (IRENEX) on August 21 at $52.81 per barrel.
According to NIOC, this is the 6th heavy crude oil offering by NIOC at IRENEX.
On April 30, the company sold 70,000 barrels of heavy crude oil at IRENEX.
Buyers can receive their cargoes up to three months after the transaction, and the delivery of the cargoes in other areas is subject to approval by the National Iranian Oil Company.
On July 1, Iranian First Vice-President Eshaq Jahangiri announced that the government is to offer the country's oil through the national stock exchange as the U.S. has targeted the Iranian oil sector in order to restrict the country's exports.
Those who buy Iran's oil can receive the cargo three months after the deal, the NIOC noted.
According to NIOC, this is the 6th heavy crude oil offering by NIOC at IRENEX.
On April 30, the company sold 70,000 barrels of heavy crude oil at IRENEX.
Buyers can receive their cargoes up to three months after the transaction, and the delivery of the cargoes in other areas is subject to approval by the National Iranian Oil Company.
On July 1, Iranian First Vice-President Eshaq Jahangiri announced that the government is to offer the country's oil through the national stock exchange as the U.S. has targeted the Iranian oil sector in order to restrict the country's exports.
Those who buy Iran's oil can receive the cargo three months after the deal, the NIOC noted.