SHANA – The National Iranian Oil Company (NIOC) has planned to supply 2 million barrels of light crude oil on the international floor of Iran Energy Exchange (IRENEX) on May. 21.

The price of the cargoes is set at the $67.28/b base and the minimum number of barrels per purchase is 1,000 unlike previous selling rounds at IRENEX which was 35,000.

NIOC has so far sold 1.15 million barrels of light crude oil and 70,000 barrels of heavy crude oil at IRENEX.