National Iranian Oil Company to put 1 million barrels of oil for sale
Baku, Azerbaijan, Feb. 25
By Elnur Baghishov - Trend:
National Iranian Oil Company (NIOC) will put one million barrels of oil for sale at Iran Energy Exchange (IRENEX) on March 4, 2018, Trend reports referring to NIOC.
The price for one barrel of oil is $59.63. The minimal sales package is 35,000 barrels.
The buyer should pay for 6 percent of the purchase in advance. All payments are fully made in Iranian rials.
The full price of the purchase should be paid off within 90 days after loading the oil.
Last time, NIOC put one million barrels of oil for sale on Feb. 18. The price for each barrel of oil was set at $56.81. However, only 35,000 barrels of the oil were sold.