Iran to put second heavy oil cargo in oil exchange

Oil&Gas Materials 28 July 2011 11:00 (UTC +04:00)

Iran Azerbaijan, Baku, July 28 /Trend/

Iran will place 600,000 barrels of crude heavy oil into the international oil exchange at Kish Island on Monday, Fars News Agency reported.

The heavy oil cargo from Behregan oil field will be put on an oil exchange at the price of $115.5 per barrel.

The oil cargo will be delivered on august 20 to August 30 to the East, the Mediterranean, and northwest Europe.

Iran 's first attempt to sell crude heavy oil cargo failed due to a disagreement on prices two weeks ago.

Iran previously sold 35,000 tons of furnace fuel oil cargo and petrochemical products on the international oil exchange 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