NIOC to offer oil on domestic stock market by October

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The National Iranian Oil Company (NIOC) has planned to supply a million barrels of crude oil on the domestic stock market by October 22.

“In pursuance of clause 13 of the general policies of the Economy of Resilience, instructed by the Supreme Leader, regarding diversification of the methods of oil sale and private sector participation, as well as implementation of paragraph (H) of Article 4 of the law of the five-year Sixth Development Plan of the country, NIOC is planning to supply one million barrels of crude oil at the export trading floor of the Energy Stock Market of Iran by October 22, and the announcement of the sale will be released through the Energy Stock Market’s website next week,” read a the pre-announcement issued by the company regarding the sale.

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