Iran Energy Exchange Suspends Oil Salaf Contract

Iran Energy Exchange announced Sunday that the plan to offer parallel salaf contracts to be backed by crude oil exports has been postponed. 
In a notice on its website, it’s public relation office said the new timeframe for offering salaf contracts will be announced by the National Iranian Oil Company. 
NIOC announced last week that it would offer standard parallel salaf contracts for 520,000 barrels of heavy crude oil via IRENEX on August 18.