In order to diversify oil sales procedures and expand private sector’s participation in this business, the National Iranian Oil Company is supplying crude oil, gas condensate and other petroleum products to Iran Energy Exchange. Accordingly, the National Iranian Oil Company considers “continuous and regular supply in the long term” as its most important duty, the information of which will be announced through this website.
It is noted that current supply framework is based on the approvals and permissions issued by legal authorities and the gradual improvement of this framework, based on the market needs and subject to the possibility of obtaining relevant legal permission, is on the agenda of the National Iranian Oil Company.
The process of purchasing crude oil and gas condensate in the energy exchange
The full details of each supply will be found in the supply announcement document available here.