Foreign buyers to trade Iranian oil on Bourse: Dy Min.
By Trend
Iranian oil is available on the Energy Bourse also for foreign buyers receiving the trade code, according to Deputy Petroleum Minister Ali Kardor.
Over 100 trade codes have been offered to foreign buyers to
allow them to get engaged in trading Iranian crude and oil products
in the Energy Bourse, Kardor told the IRNA on Friday.
The Securities Exchange Organization (SEO) announced on October 16
that the Iranian crude oil was scheduled to be presented in the
Energy Bourse as of October 28.
Kardor said the Ministry of Petroleum and the National Iranian Oil
Company (NIOC) are fully determined to supply Iranian oil in the
Bourse based on schedule.
The base price for Iranian oil will be $79.15 per barrel.
Each day, one million barrels of Iranian oil will be offered in the
Energy Bourse and all the buyers will hence exchange Iranian
oil.
Oil supply in the Energy Bourse will continue until November 4 and
the final decision will be announced after re-consideration.
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