2020 29 May Fa

New Round of NIOC Oil Supply at IRENEX–$71.59/b

TEHRAN (PEDEC) – National Iranian Oil Company (NIOC) has priced each barrel of crude oil at the Iran Energy Exchange (IRENEX) at $71.59. The figure was previously announced at $76.29.

The oil will be offered at IRENEX on November 11.

This time, each unit of purchased cargoes comprises 35,000 barrels, like the first offer, but the settlement deadline for the purchases has been extended from 50 days to 60 days compared to the first crude offer by NIOC at IRENEX.

On October 28, NIOC offered a million barrels of crude oil at IRENEX of which 280,000 barrels were traded at 74.85 dollars per barrels.


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10 / 11 / 2018