Iran puts third furnace fuel oil cargo for oil bourse
Azerbaijan , Baku, June11 /Trend/
Iran puts third furnace fuel oil cargo for international oil bourse at Kish Island on Tuesday or Wednesday while the previous trading session has failed due to price disagreements, Fars News Agency reported quoting Managing Director in National Iranian Oil Company Marine Data and Information Department Masoud Moradi as saying.
The Iranian official gave hints on possible price reduction of the third fuel oil cargo in oil bourse "Acceding to conditions of market there is a chance to reduce prices,' he told.
'The conditions of fuel oil in oil bourse has improved in the second trading session at the price of $645 and 58 cents per tons based on international prices," he said.
The Bandar Abbas Oil Refining Company (BAORCO) put 35,000 tons of 380-fuel oil for 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.