Iran postpones repeats placement of oil cargo in exchange
Azerbaijan, Baku, August 1 /Trend/
Iran postponed placing heavy crude oil cargo in the international oil exchange at Kish Island for the second time, IRNA reported quoting the National Iranian Oil Company.
Earlier Iran announced that the second heavy oil cargo would be placed in the oil exchange on Monday.
The first heavy crude oil cargo was placed at a price of $112,650 on July 13, failing due to disagreements over price.
"The second heavy crude oil cargo deployment was delayed, from Monday to Wednesday", the National Iranian Oil Company stated without giving further details.
The second heavy crude oil cargo will be traded at a price of $115,500 per barrel in the international oil exchange at Kish Island .
Iran 's heavy oil cargo will be shipped to Europe's eastern, Mediterranean and northwestern markets between Aug. 20 and Aug. 30.
Payment will be made with USD, euro, Turkish Lira, and in United Arab Emirates Dirhams AED to Iran's foreign account.
Previously Iran's third attempt to sell furnace fuel oil cargo was successful in 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.