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Iran makes third attempt to put furnace fuel oil cargo in oil bourse

Business Materials 13 June 2011 11:27 (UTC +04:00)

Azerbaijan , Baku, June13 /Trend/

Iran will put third furnace fuel oil cargo in international oil bourse at Kish Island on Tuesday, Fars News Agency reported.

The Bandar Abbas Oil Refining Company (BAORCO) will put 35,000 tons of furnace fuel oil on international oil bourse at Kish Island.

The third fuel oil cargo goes on oil bourse on Tuesday while the previous trading sessions failed due to price disagreements.

The Iranian official previously gave hints on possible price reduction of third fuel oil cargo in oil bourse.

Iran has OPEC's second-highest oil output, and ranks second in the world in terms of natural gas reserves after Russia.

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