NIOC to Offer 2mn Barrels of Heavy Crude Oil on IRENEX

Date: 10 August 2019 - 22:00

News ID: ۶۹۱۷۷

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on August 13 at $57.98 per barrel.
According to NIOC, this is the 7th crude oil offering by NIOC at IRENEX.
On April 30, the company sold 70,000 barrels 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 May 21, NIOC offered 2 million barrels of crude oil on IRENEX as well.