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Iran attempts another crude sale on private exchange
Despite tepid interest from traders in three previous offerings, Iran is once again pitching a 1 MMbo auction on its domestic energy exchange, beginning Feb. 4. The exchange is envisioned to enable the private sector to buy Iranian crude for resale into the international market, but potential purchasers have been sparse because of concerns over the transactions being subject to sanctions. Drillinginfo analyst Johannes Sobotzki, regional manager-Middle East, said that the attempted sales through its local energy exchange “has only been partially......
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