Iran to Offer 2 mb of Heavy Crude at Energy Exchange on Aug. 13

The National Iranian Oil Company (NIOC) plans to sell 2 million barrels of heavy crude oil on the Exchange (IRENEX)`&gt.Iran Energy Exchange (IRENEX) on Tuesday August 13 at $57.98 per barrel.

According to NIOC. this is the 7th crude oil offering by NIOC at Exchange (IRENEX)`&gt.IRENEX.

On April 30. the company sold 70.000 barrels at Exchange (IRENEX)`&gt.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 Exchange (IRENEX)`&gt.IRENEX as well.

 

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