Iran to put gas condensates up for sale at IRENEX

Business Materials 15 April 2019 14:42 (UTC +04:00)

Baku, Azerbaijan, April 15

By Elnur Baghishov – Trend:

Iran will put its gas condensates up for sale at Iran’s IRENEX energy exchange on April 16, Trend reports referring to the Iranian Oil Ministry.

According to the report, 1 million barrels of gas condensate from the South Pars Gas Complex will be put up for sale at IRENEX at $67.85 per barrel.

Conditions for sale are the same as for the sale of crude oil – as such, it is possible to make the initial payment at 6 percent of the price (payments can also be made in foreign currency), while the rest can be paid by customers through the currency mechanisms approved by the National Iranian Oil Company (NIOC).

Customers can receive the load within 4 months after the purchase. It is also possible to receive the load in other locations approved by the NIOC.

The minimum amount of gas condensate put up for sale at the energy exchange is 35,000 barrels.