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National Iranian Oil Company to put products on sale

Oil&Gas Materials 6 April 2020 15:38 (UTC +04:00)
National Iranian Oil Company to put products on sale

BAKU, Azerbaijan, April 6

By Elnur Baghishov - Trend

The National Iranian Oil Company will offer mazut for sale at the Iranian Energy Exchange on April 8, Trend reports referring to the company website.

According to report, about 35,000 tons of mazut (CST380) will go on sale.

Customers must pay 10 percent of the price for each ton to the bank account of the National Iranian Oil Company before the start of sales at 13.00 by Iranian time (GMT + 03:30).

The starting price for each ton of mazut is $101.61, and a discount of $38 can be provided, said the company.

The minimum amount of sales is 25 tons.

"The product will be delivered to the port of Bandar Abbas in the southern Iranian province of Hormuzgan," the report said.

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