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Iran to put gas condensates up for sale at IRENEX

Oil&Gas Materials 1 June 2019 18:38 (UTC +04:00)

Baku, Azerbaijan, June 1

By Elnur Baghishov– Trend:

Iran’s National Iranian Oil Company (NIOC) will put 2 million barrels of gas condensate up for sale on June 3 at Iran’s energy exchange (IRENEX), Trend reports referring to NIOC’s website.

The initial price of the gas condensate of the South Pars Gas Complex (SPGC) will be $67.14 per barrel.

A minimum of 1,000 barrels are to be purchased at the energy exchange.

The NIOC has put up light and heavy crude oil for sale at the energy exchange several times, so far managing to have sold 1.015 million barrels of light oil and 70,000 barrels of heavy oil.

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