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2mb of light crude to go on sale on IRENEX on Tuesday

This is the 12th offer of two million barrels of oil on the Energy Exchange since such sales started in November 2018.

2 July 2019
ID : 22085
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This is the 12th offer of two million barrels of oil on the Energy Exchange since such sales started in November 2018.

National Iranian Oil Company (NIOC) will offer 2mb of its light crude on Energy Exchange (IRENEX) on Tuesday.

This will be the 12th such offer on the international ring of the Iranian Energy Exchange (IRENEX) since the trend started last November.

Each barrel has been set to be sold at the price of $59.28.

Iran has sold 1,085,000 barrels of crude oil on IRENEX since such sales started seven months ago, according to Iran Energy News.

 

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Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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