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Iran puts fourth furnace fuel oil cargo in oil exchange

Oil&Gas Materials 20 June 2011 20:44 (UTC +04:00)

Azerbaijan , Baku, June20 / Trend/

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

The fourth fuel oil cargo would be traded on Tuesday with same conditions of previous trades where the customer can pay 20 percent of the payment and have time to pay the rest of the payment 2 days before shipment.

The cargo will be delivered on second half of July.

Iran 's third attempt to sell furnace fuel oil cargo was a success last Tuesday while 35,000 tons sold $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.

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