NIOC to Offer 2 mb of Heavy Crude Oil at IRENEX on July 30TEHRAN (NIOC) _ The National Iranian Oil Company (NIOC) has planned to sell 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on July 30 at $58.81/b.
According to NIOC, this is the 5th crude oil offering by the company at IRENEX.
On April 30, the company sold 70,000 barrels at IRENEX.
Buyers can receive their cargo(es) up to three months after the transaction, and the delivery of the cargo(es) in other areas is subject to approval by the National Iranian Oil Company.
On May 21, NIOC offered 2 million barrels of crude oil on IRENEX as well.