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Iran puts second heavy crude oil cargo in oil exchange

Oil&Gas Materials 3 August 2011 14:40 (UTC +04:00)

Azerbaijan, Baku, August3 /Trend/

Iran placed the second heavy crude oil cargo at $113.87 per barrel in the international oil exchange at Kish Island on Wednesday, SHANA reported.

The National Iranian Oil Company is bringing 600,000 barrels of crude oil from the Behregan oil field. Iran's heavy oil cargo will head toward Europe's eastern, Mediterranean and northwest regions on Aug. 20 to 30.

The payment will be made in USD, euro, Turkish Lira, or United Arab Emirates Dirhams AED to Iran's foreign account.

The first heavy crude oil cargo was set at a price of $112.65 on July 13, but failed due to disagreements over price.

Previously Iran's third attempt to sell a furnace fuel oil cargo was successful on the 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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