Iran Energy Exchange to Start Third Round of Oil Deals

The third round of crude oil sales will be held on Iran Energy Exchange on January 21, a National Iranian Oil Company official said.
Saeed Khoshroo, deputy for NIOC international affairs said Monday that in the latest round of crude sale on stock market the Oil Ministry will offer 1 million barrels of light crude oil on IRENEX.  The base price is $52.42 a barrel and oil will be offered in cargos of 35,000 barrels each.
In the first round of crude sales in October, one million barrels were offered in the market but only 280,000 barrels sold at $74.85 a barrel. In the second round in November sales increased to 700,000 barrels at $64.97 per barrel.