Multinational company ready to buy Iranian oil via Energy Exchange
Tehran, Iran, Oct.28
The supply of one million barrels of crude oil has started on the stock exchange on Oct.28, according to the Energy Exchange statement.
Four Iranian companies have deposited a 10 percent stake in Iranian light crude oil trading through the International Energy Exchange, a senior official in Central Securities Depository of Iran (CSDI), Fariba Akhavan told Fars news agency.
Three buyers are ready to attend the competition, one of which is a multinational company.
The highest ask price for 35,000 bpd crude oil is $62.4 per barrel. Another offer for the purchase of same amount of crude was at $ 61.85 per barrel, this is while the National Iranian Oil Company’s base rate was $79.15 per barrel.
After a while the National Iranian Oil Company reduced its announced base rate to $74.85 per barrel. The number of applicants for the purchase of oil also rose sharply.
The ask prices are between $61.85 and $69.82 per barrel.
One of the applicants purchased 8 cargos of 35,000 barrels of crude at $74.85. Two other applicants were demanding the purchase of 35,000 barrels of crude oil at $65.55 and $68.65 respectively.