(Persia Digest) – The third stage of Iranian crude oil sales on IRENEX will begin on 21 January with the supply of one million barrels of light crude oil in batches of 35 thousand barrels at USD 52.42 pb.

At this stage, unlike previous stages, payment can be made in international currencies and also the Iranian rial at rates set by the SENA currency monitoring system under the management of the Central Bank of Iran.

The payment period has been increased from 60 days to 90 days.

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The supply of crude oil on the energy market of Iran is in line with its policies of resistance economy to diversify oil sale methods and use the private sector for crude oil exports.

IRENEX MD, Seyed Ali Hosseini, had said earlier: “Foreign companies have expressed an interest in buying oil on IRENEX. Some countries have also followed-up on obtaining information on this through their embassies. Other companies have contacted us directly and obtained a trading code.”

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Persia Digest (PD) reported that 1 mbpd crude oil was on offer in the first stage of transactions (28 Oct 2018), but only eight consignments of 35 thousand barrels (280 thousand barrels) were sold at USD 74.85.

In the second stage on 11 November, 700 barrels of crude was sold at USD 64.97.

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