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70,000 barrels of heavy crude sold on Iran Energy Exchange

1 May 2019 - 16:12


Financial Tribune - In a new round of oil offer on the Iran Energy Exchange, the Iranian National Oil Company sold 70,000 barrels of heavy crude on Tuesday.

The company had offered 1 million barrels of heavy crude in cargos of 35,000 barrels each and sold two cargos at $63.51/barrel.

Buyers are required to pay 6% of the order value in rials two hours before the beginning of trading time. They settle the payment 90 days after trade.


Story Code: 347337

News Link :
https://www.theiranproject.com/en/news/347337/70-000-barrels-of-heavy-crude-sold-on-iran-energy-exchange

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