Iran to Offer 2mn Barrels of Condensate on Energy Bourse

Date: 14 July 2019 - 21:47

News ID: ۶۸۱۰۴

TEHRAN (Dispatches) - The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of gas condensates in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday in a move to bypass Washington’s unilateral sanctions against Tehran.
The NIOC’s representative in the IRENEX announced that during the 8th round of offering gas condensate at IRENEX two million barrels of gas condensate at the base price of $60.40 per barrel will be offered on Tuesday.
"The least possible amount for loading a cargo for land transportation is 110 tons," the official said, "The purchasers can receive their cargoes for at most three months after the purchasing date."