The first phase of Iran's oil stock market started its work on Kish island in the Persian Gulf, southern Iran, on Sunday presenting oil and petrochemical products. The stock market was inaugurated in a video conference ceremony from the capital Tehran attended by ministers of oil, finance and economic affairs as well as chairman of Iran's Stock Exchange and a number of other officials and financial experts
Oil Minister Gholam Hossein Nozari said that Iran's Oil Bourse is to open gate of international oil business to Iran in the near future. The specialized bourse for oil derivatives and petrochemical products is regarded as a turning point in oil transactions, he said. Iran's share in international oil trade is very low and such a bourse will help Iran take a leap in this sector in the near future, underlined the minister. It is predicted the event would prepare grounds for active presence of foreign investors in Iranian oil industry and thus raise the country's share in global oil trade, he said.
Oil Minister Gholam Hossein Nozari said that Iran's Oil Bourse is to open gate of international oil business to Iran in the near future. The specialized bourse for oil derivatives and petrochemical products is regarded as a turning point in oil transactions, he said. Iran's share in international oil trade is very low and such a bourse will help Iran take a leap in this sector in the near future, underlined the minister. It is predicted the event would prepare grounds for active presence of foreign investors in Iranian oil industry and thus raise the country's share in global oil trade, he said.
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This post is showig how Iran is trying to enter into the world of trade. Iran is trying to make allies and raise there GDP.
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