14 March 2023 - 09:04
  • News Code: 470321
Oil, condensate CDs worth $6m traded in IRENEX on first day

SHANA (Tehran) – The managing director of Iran Energy Exchange (IRENEX) here on Monday announced that the first-day transactions of certificates of deposit (CDs) of crude oil and gas condensates were valued at some six million dollars.

Ali Naqavi added 85,821 CDs worth 5,986,461 million dollars were issued.

According to him, 41,846 CDs of heavy crude oil – with each barrel valued at $70.78 – and 43,975 CDs of gas condensates – with each barrel valued at $68.78 – were issued.

Transactions of certificates of deposit of crude oil and gas condensates are carried out in IRENEX on Mondays, Tuesdays, and Wednesdays.

News Code 470321

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