Iran discloses volume of crude oil to be sold at energy exchange
Baku, Azerbaijan, July 27
By Elnur Baghishov - Trend:
The National Iranian Oil Company will put up two million barrels of crude oil for sale on July 30 at the energy exchange, Trend reports referring to the National Iranian Oil Company's website.
The cost of each barrel of crude oil will be $58.81 per barrel. The minimum sale volume is 35,000 barrels.
As for the terms, the initial payment for the purchase is six percent.
Iran put up crude oil and gas condensate for sale at the energy exchange since October 28, 2018. However, 1.085 million barrels of crude oil were sold at the energy exchange.