This will be the 4th time crude oil is being sold on the Iranian market for the private sector to buy it from the state-run NIOC.
On October 28, the first round of selling a million barrels of crude oil on IRENEX began by NIOC and 280,000 barrels, divided in 35,000-barrel consignments, were sold at $74.85/b.
On November 20, the company offered 700,000 barrels on the market which were sold at $64.97/b.
The third round of the sales took place on January 21 but no cargoes were purchased at the end of the session.