Iran Energy Exchange plans to offer 3 mln barrels of oil for sale
Tehran, Iran, Jan. 21
Iran is planning to offer 3 million barrels of crude oil for sale at the energy exchange for the third time, while the information on oil buyers will remain confidential.
"The payment duration in the third oil offering at the energy exchange will extend from 60 to 90 days, where buyers can pay for the oil in rials or in other foreign currencies," said Managing Director of the Iran Energy Exchange (IRENEX) Ali Hosseini, Trend reports citing ILNA.
"The supply ceiling is 1 million barrels and the minimum limit for customers is 35,000 barrels."
"The buyers are Iranian and foreign entities and have no limitations in buying crude oil," Hosseini said.