Iran has offered 10,000 tons of gasoline for sale in the international ring of the Iran Energy Exchange (IRENEX).
High-quality gasoline produced by the National Iranian Oil Refining and Distribution Company (NIORDC) was put up for sale on August 1, when a cargo of 3,000 tons was sold for shipment to export markets.
The buyers can place their bids for the remaining 7,000 tonnes of gasoline in the IRENEX on Saturday.
The Iranian gasoline has been put up for sale at a base price of $581 a ton.
The minimum amount of petroleum available for international buyers is 100 tons, and the shipments would be delivered at the terminal of the Persian Gulf Star Refinery near Iran’s southern port city of Bandar Abbas.
In July 2018, Iranian Vice President Eshaq Jahangiri said Iran would sell oil through stock exchange to counter the US sanctions on the country’s oil exports.
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Australian crude production of 113,000 b/d fell to its lowest level in more than 35 years in the 2018-19 fiscal year to 30 June, down by 16pc from the previous low of 134,000 b/d the previous year, while condensate output reached a record high.
Unlike previous offerings, the sixth round of National Iranian Oil Company (NIOC)’s heavy crude oil offering at Iran Energy Exchange (IRENEX) is due to be held on Wednesday, IRNA reported.
China has reengaged with Iran on three key projects despite US sanctions on the Islamic Republic, the Oil Price quoted a senior oil and gas industry source who works closely with the Iranian Oil Ministry.
Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.
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