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70,000 Barrels of Heavy Crude Sold on Iran Energy Exchange

70,000 Barrels of Heavy Crude Sold on Iran Energy Exchange
70,000 Barrels of Heavy Crude Sold on Iran Energy Exchange

In a new round of oil offer on the Iran Energy Exchange, the Iranian National Oil Company sold 70,000 barrels of heavy crude on Tuesday. 
The company had offered 1 million barrels of heavy crude in cargos of 35,000 barrels each and sold two cargos at $63.51/barrel. 
Buyers are required to pay 6% of the order value in rials two hours before the beginning of trading time. They settle the payment 90 days after trade. 

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