27 April 2014
Nearly 10,000 barrels of crude oil have so far been traded at Iran Energy Exchange.
Since the energy bourse started trading oil, 12 oil cargoes have been offered for sale, eight of them have been sold.
The eight cargoes included 9,636 barrels of oil valued at 29.65 billion rials, Shana reported.
The bourse started trading crude oil earlier this month and the low volume of transactions is natural.
It has so far traded 220,000 barrels of gas condensate, valued at 434 billion rials.
Two private refiners bought 2,920 barrels of crude oil at 3.06 million rials (about $122) per barrel, IRNA reported.
The National Iranian Oil Company, which is the exclusive seller of Iranian crude oil, offered the consignment on the bourse. The proposal to trade oil at the bourse was first raised in 2000. However, this took place on April 6.
"Iran Energy Exchange has the potential of playing a pivotal role in determining oil price in the region," Managing Director of Iran Energy Exchange Ali Hosseini said on Wednesday.
Talking to IRNA, Hosseini noted that since Iran is an oil-rich country, the energy bourse has the potential of increasing supplies from the current 3,000 bpd to 10,000 bpd.
Iran forecasts an increase in crude oil and natural gas production in the current Iranian year that started on March 21.
In March, Oil Minister Bijan Namdar Zanganeh said Iran's crude oil output is forecast to increase by about 200,000 barrels per day to 4 million barrels per day and daily natural gas output to increase by about 100 million cubic meters per day to reach 400 million cubic meters per day.
Nearly 10,000 barrels of crude oil have so far been traded at Iran Energy Exchange.
Since the energy bourse started trading oil, 12 oil cargoes have been offered for sale, eight of them have been sold.
The eight cargoes included 9,636 barrels of oil valued at 29.65 billion rials, Shana reported.
The bourse started trading crude oil earlier this month and the low volume of transactions is natural.
It has so far traded 220,000 barrels of gas condensate, valued at 434 billion rials.
Two private refiners bought 2,920 barrels of crude oil at 3.06 million rials (about $122) per barrel, IRNA reported.
The National Iranian Oil Company, which is the exclusive seller of Iranian crude oil, offered the consignment on the bourse. The proposal to trade oil at the bourse was first raised in 2000. However, this took place on April 6.
"Iran Energy Exchange has the potential of playing a pivotal role in determining oil price in the region," Managing Director of Iran Energy Exchange Ali Hosseini said on Wednesday.
Talking to IRNA, Hosseini noted that since Iran is an oil-rich country, the energy bourse has the potential of increasing supplies from the current 3,000 bpd to 10,000 bpd.
Iran forecasts an increase in crude oil and natural gas production in the current Iranian year that started on March 21.
In March, Oil Minister Bijan Namdar Zanganeh said Iran's crude oil output is forecast to increase by about 200,000 barrels per day to 4 million barrels per day and daily natural gas output to increase by about 100 million cubic meters per day to reach 400 million cubic meters per day.
© Iran Daily 2014
