Economic Calendar

Wednesday, August 13, 2008

Iran Sells All Oil Held in Floating Storage Tanks, Shana Says

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By Ayesha Daya

Aug. 13 (Bloomberg) -- Iran sold all the crude it held in floating storage tanks, Shana reported, citing Ali Asghar Arshi, manager for international affairs at the National Iranian Oil Co.

Arshi said oil stockpiles built up as refineries underwent seasonal maintenance work and were sold at a higher price as crude rose in recent months, the state-run news agency reported.

To contact the reporter on this story: Ayesha Daya in Dubai adaya1@bloomberg.net


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