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Iran to put up crude oil for sale at Energy Exchange soon

Business Materials 11 August 2019 12:12 (UTC +04:00)

Baku, Azerbaijan, Aug. 11

By Elnur Baghishov - Trend:

The National Iranian Oil Company will put up for sale light crude oil at the Energy Exchange on August 13, Trend reports referring to the company’s website.

According to the report, the starting price for each barrel of crude oil is $57.98.

The National Iranian Oil Company intends to sell two million barrels of oil on the Iranian oil bourse.

Light crude oil will be put up for sale at the Energy Exchange for the seventh time since March 21, 2019.

Customers can get oil during three months after purchase. It is also possible to get oil at the centers chosen by the National Iranian Oil Company.

Iran has started to sell crude oil and gas condensate since October 28, 2018. However, 1.085 million barrels have been sold so far at the Energy Exchange.

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