Iran's NIOC again revising oil offer terms via IRENEX

09 November, 2019
Source: Financial Tribune

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.

The full version of website content is available only to IranOilGas Network members.
Register & Request a Trial Now!

About IranOilGas Network

Established by highly experienced oil & gas professionals in 2000, IranOilGas Network is the leading independent Iranian oil, gas & petrochemical information network providing a variety of consultancy & information services.

to IranOilGas Network