NIOC Halts Selling Liquefied Fuel on IRENEX

Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange, the company’s representative in charge of offering petroleum products in IRENEX said.
“The temporary suspension has nothing to do with the International Maritime Organization’s new regulations for 0.5% global sulphur cap for marine fuels,” Amirhossein Tebyanian was quoted as saying by ILNA.
When consumption (mostly in power plants) declines, selling mazut and diesel will resume in the energy bourse, he noted