NIOC to Offer 6mn Barrels of Crude Oil, Gas Condensate on IRENEX
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has planned to put for sale 6 million barrels of crude oil and gas condensate on the Iran Energy Exchange (IRENEX) next week.
On November 18, NIOC will offer 2mn barrels of gas condensate at the base price of $57.87/b.
On the following day, November 19, the company will sell 2mn barrels of light crude oil at the base price of $56.72/b and on Wednesday, November 20, it will put for sale 2mn barrels of heavy crude oil on the market.
Iran budget law for the current calendar year, which began on March 21, obliges the Iranian Ministry of Petroleum to sell at least 2mn barrels of light crude oil, 2mn barrels of heavy crude oil and 2mn barrels of gas condensate on the IRENEX.
On November 18, NIOC will offer 2mn barrels of gas condensate at the base price of $57.87/b.
On the following day, November 19, the company will sell 2mn barrels of light crude oil at the base price of $56.72/b and on Wednesday, November 20, it will put for sale 2mn barrels of heavy crude oil on the market.
Iran budget law for the current calendar year, which began on March 21, obliges the Iranian Ministry of Petroleum to sell at least 2mn barrels of light crude oil, 2mn barrels of heavy crude oil and 2mn barrels of gas condensate on the IRENEX.