1st Iranian oil shipment sold on Kish bourse

The first shipment of Iranian crude oil has been sold on Iran's international oil bourse on the Persian Gulf island of Kish, Mohammad Reza Khajenasiri, the chief supervisor of bourses and markets in Iran's Bourse Organization, said, Press TV reported with reference to Mehr News Agency.

Khajenasiri said that a shipment of 500,000 barrels of heavy crude oil were offered at the Kish Commodity Exchange on Thursday and were traded at USD 105.49 per barrel.

The crude consignment was traded 'without any discount or additional premium,' he stressed.

Following the inauguration of the bourse in mid-July, three shipments of crude oil were offered by the National Iranian Oil Company (NIOC) at the center but could not be sold.

The NIOC plans to offer 50,000 barrels of Iran's crude on the bourse on a daily basis, once all the necessary preparations for the measure have been made.

Iran is the Organization of Petroleum-Exporting Countries (OPEC)'s second-largest oil producer.


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