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General

Iranian oil to be sold on bourse

Tehran, Iranian crude oil is scheduled to be presented in the energy bourse as of October 28, according to the Securities Exchange Organization (SEO).

The base price for the Iranian oil will be $79.15 per barrel.

Each day, one million barrels of Iranian oil will be offered in the energy bourse and all the buyers in bourse will be allowed to participate in exchange of Iranian oil.

Oil supply in energy bourse will continue until November 4 and the final decision will be announced after reconsiderations.

Source: Islamic Republic News Agency - IRNA


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