After failing to attract customers for crude oil offered on the Iran Energy Exchange, the National Iranian Oil Company says it plans to again tweak rules and procedures in the process, an official with the company said.
Amirhossein Tebianian, NIOC’s representative in charge of offering petroleum products on IRENEX, said the company is revising earlier instructions issued by the Oil Ministry for selling crude oil on the bourse.
“To attract buyers we are considering issues related largely to updating terms outlined in the ministry’s instructions,” IRNA quoted him as saying.