Iran to Offer 2mln Barrels of Condensate on Energy Bourse
The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of gas condensates in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday in a move to bypass Washington’s unilateral sanctions against Tehran.
The NIOC’s representative in the IRENEX announced that during the 8th round of offering gas condensate at IRENEX two million barrels of gas condensate at the base price of $60.40 per barrel will be offered on Tuesday.
"The least possible amount for loading a cargo for land transportation is 110 tons," he said, "the purchasers can receive their cargoes for at most three months after the purchasing date."
Iranian Deputy Oil Minister Amir Hossein Zamaninia declared in May that Tehran was fully prepared to sell oil in a “grey market”, vowing to circumvent the US unilateral sanctions against the energy-rich country.
Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Barkindo said in May that it was impossible to remove Iran’s oil from the international market, asserting that the organization would keep supporting Tehran against the US unilateral sanctions.
source: Farsnews
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