NIOC to offer 2 mb of gas condensate at IRENEX

SHANA – The National Iranian Oil Company (NIOC) has planned to sell 2 million barrels of gas condensate on the Iran Energy Exchange (IRENEX) on June 3.

According to NIOC, the base price for this offer is $67.14 per barrel, and the minimum purchase volume is 1,000 barrels or 110 tons of gas condensate.

Buyers can receive their cargo(es) up to three months after the transaction, and the delivery of the cargo(es) in other areas is subject to approval by the National Iranian Oil Company.