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  • 17-10-21

    Iran: National Iranian Oil Company to maximize oil, gas condensate sales in future

    (MENAFN)Shana quoted Managing Director of National Iranian Oil Company (NIOC) as saying that his company is will get advantage from the potentials of the country’s private sector to get the most out of oil and gas condensate sales in the future.

    Mohsen Khojasteh Mehr further declared that "Since the maximum sale of crude oil and gas condensate is one of the priorities of the Oil Ministry, we will use all available mechanisms and tools such as barter trading, investment, and other sales methods [to boost oil sales]."

    He also stated that “Hopefully we can achieve the maximum amount of sales in accordance with the budget plan.”

    "We use all legal capacities to sell oil to both foreign and domestic qualified buyers," he added, mentioning the NIOC programs for selling crude oil through the stock exchange and to expand sale methods with the contribution of the private sector.

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