10 August 2019 - 15:52
  • News Code: 291925
NIOC to Offer 2 mb of Heavy Crude Oil at IRENEX on Aug. 13

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 cargo(es) up to three months after the transaction, and the delivery of the cargo(es) 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.

News Code 291925


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