Iran will offer crude oil to the private sector for export ahead of the US sanctions on its energy sector set to take effect on November 4, Financial Tribune daily reported Saturday.
Ali Hosseini, managing director of Iran Energy Exchange, told Financial Tribune that the decision by the National Iranian Oil Company (NIOC) to supply oil in the stock market is a turning point in Iran’s key oil industry and its capital market, Xinhua reported.
Iran will start on Sunday to offer 1 million barrels of light crude oil on a daily basis, while the minimum volume of purchase will be 35,000 barrels, the report said. Read more
Latest posts by Cnbctv18.com (see all)
- Petrol, diesel prices unchanged today after rising for 6 days - February 20, 2019
- Discoms continue to miss on UDAY targets - February 19, 2019
- India’s fuel demand rose 6.4% year-on-year in January - February 19, 2019