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Offering oil at IRENEX

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  • IRENEX 2020-08-15 14:35

    NIOC to offer $476m worth of oil in IRENEX via salaf bonds

    TEHRAN - The National Iranian Oil Company (NIOC) plans to offer 20 trillion rials (about $476.1 million) worth of heavy crude oil in Iran Energy Exchange (IRENEX) through standard parallel salaf contracts (some kind of Islamic contract) on Sunday, the exchange’s managing director told IRNA.

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