Iran to put crude oil for oil bourse
Azerbaijan , Baku, June14 /Trend/
Iran will put crude oil on oil bourse by next month, SHANA reported quoting Managing Director of National Iranian Oil Company Ahmad Ghaleabani as saying.
"Iran will put crude oil on commodity market next month after the regulation is set," he said.
"Fortunately, by cooperation of commodity market we are trading with gasoline, gas-oil and furnace fuel oil and will put crude oil with assistance of Iran Securities and Exchange Organization (SEO) ," Ghaleabani added.
The commodity market approved to sell crude oil on Monday and the National Iranian Oil Company prepares necessary measures to put crude oil in oil bourse, the head of Iran SEO Ali Salehabadi noted.
Iran 's third attempt to sell furnace fuel oil cargo was a success on international oil bourse at Kish Island Tuesday.
The Bandar Abbas Oil Refining Company (BAORCO) put 35,000 tons of furnace fuel oil at the price of $667.41 per ton on international oil bourse at Kish Island.
Iran has OPEC's second-highest oil output, and ranks second in the world in terms of natural gas reserves after Russia.