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.