New Terms to Motivate Oil Traders in Iran Energy Exchange

After the last two offers of crude oil on the Iran Energy Exchange (IRENEX) ending in vain, officials with the National Iranian Oil Company and capital market say they are determined to continue with the offers by sweetening the trading terms. 
At press briefing, Shapour Mohammadi, head of the Security and Exchange Organization said the terms the next time around are bound to improve.
"We hope that with change in trading terms and in the offering notices, and with Oil Ministry help, buyers would be more enthused," Mohammadi told reporters.