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NIOC Plans to Sell Half Million Barrels of Oil via Salaf Contracts

NIOC Plans to Sell Half Million Barrels of Oil via Salaf ContractsNIOC Plans to Sell Half Million Barrels of Oil via Salaf Contracts

The National Iranian Oil Company plans to offer standard parallel salaf contracts for 520,000 barrels of heavy crude oil via Iran Energy Exchange.  
As per a notice published on the codal.ir-- an information platform for publishing key stock market data and listed companies-- each salaf contract has an equivalent value of one barrel of oil. 
Heavy crude oil is priced at 9.446 million rials (about $42). Those interested can buy the salaf contracts for minimum one barrel and maximum 20,000 barrels. 

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