Iran Energy Exchange Eases Oil Sales to Foreigners

Foreign natural entities are allowed to place an order for crude oil offered in Iran Energy Exchange (IRENEX), a move to facilitate foreigners’ participation in Iran’s energy market. 
According to an official with National Iranian Oil Company, in the past, only foreign legal entities were allowed to place an order for purchasing Iran’s crude oil. 
Amirhossein Tebyanian, NIOC’s representative in charge of offering petroleum products on IRENEX, said the decision was made following requests from foreign natural entities, IRIB News Agency reported. 
Tebyanian added that all natural entities of countries having ties with Iran would be eligible to purchase crude oil from Iran’s energy bourse.