NIOC Eyes Sale of 1.4 mbpd of Crude Oil in Fiscal 2023-24

EghtesadOnline: The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system.

News ID: ۷۵۲۲۰۰

27 January 2023

The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system.

President Ebrahim Raisi made the statement in a speech addressing the parliament members on Sunday, ISNA reported.

"The next year's budget bill has predicted oil barter to produce income," he added.

A general draft of next year's budget bill was approved by the parliament on Jan. 22.