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.