16 February 2020 - 16:46
  • News Code: 299904
NIOC to Sell 6 mb of Crude Oil, Gas Condensate at IRENEX

TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has planned to sell 6 million barrels of heavy and light crude oil and gas condensate at the international floor of the Iran Energy Exchange (IRENEX).

Amir Hossein Tebyanian, a representative of NIOC at IRENEX, said: “Tomorrow (Monday, February 17) 2 million barrels of condensate, on Tuesday (February 18) 2 million barrels of light crude oil and on Wednesday (February 19), 2 million barrels of heavy crude oil will be supplied to the international floor of IRENEX.”

According to him, the price of condensate would be 9 dollars less than Dubai FOB, light crude would be priced $7 less than Brent FOB, and heavy crude would be $8.5 lower than Brent FOB.

News Code 299904

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