23 February 2019 - 18:06
  • News Code: 287700
NIOC to Sell Oil on IRENEX Weekly

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the National Iranian Oil Company (NIOC) had planned to offer crude oil on the Iran Energy Exchange (IRENEX) on a weekly basis.

According to ICANA, Mr. Zangeneh said it might take time for the offers to become routine in the IRENEX but the Iranian Ministry of Petroleum would persist in selling oil to the private sector through IRENEX.

He also said that backdoor as well as overt talks were ongoing for selling crude oil to foreign customers.

News Code 287700

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