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Iran Energy Exchange begins trading crude oil
(MENAFN) Managing director of Iran Energy Exchange said the exchange has started trading crude oil on Sunday, according to Iran Daily
Seyyed Emad Hosseini said that the National Iranian Oil Company"s (NIOC) supply averaged 3,000 barrels of crude oil per day on Iran Energy Exchange
Hosseini added: "The pricing has been done based on the average price of exported oil in the past one month.
He said potential buyers will need NIOC endorsement, while transactions will be done in Iran"s legal tender
Seyyed Emad Hosseini said that the National Iranian Oil Company"s (NIOC) supply averaged 3,000 barrels of crude oil per day on Iran Energy Exchange
Hosseini added: "The pricing has been done based on the average price of exported oil in the past one month.
He said potential buyers will need NIOC endorsement, while transactions will be done in Iran"s legal tender
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