Baku, Azerbaijan, Sept. 25
By Elnur Baghishov - Trend:
Iran sold 105,000 tons of diesel for $57.7 million at Iranian Energy Exchange (IRENEX), Trend reports referring to IRENEX.
IRENEX report states that the sold diesel will be delivered to the buyer in the port city of Bandar Abbas in Iran's Hormozgan province on Oct. 2.
Meanwhile, two million barrels of heavy oil put up for sale at the exchange were not sold, IRENEX reported.
Under the Iranian budget law for the current Iranian year (started March 21, 2019), Iran's Petroleum Ministry should put two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate up for sale every month.
Customers can have the purchased oil be delivered to them in locations approved by NIOC within three months after the sale.
Iran started putting crude oil and gas condensate up for sale since October 28, 2018. About 1.085 million barrels have been sold at the exchange so far.