Oil Minister Gholam Hossein Nozari said on Sunday 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.
Nozari made the remarks in ceremony marking the inauguration of Iran's Oil Bourse in Tehran.
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 bourse is among most complicated and lucrative markets in the world, said the minister, adding that Iran is to get a bigger foothold on international markets. Iran inaugurated its first ever oil products bourse on Sunday in Kish Free Trade Zone on the Persian Gulf.
Nozari made the remarks in ceremony marking the inauguration of Iran's Oil Bourse in Tehran.
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 bourse is among most complicated and lucrative markets in the world, said the minister, adding that Iran is to get a bigger foothold on international markets. Iran inaugurated its first ever oil products bourse on Sunday in Kish Free Trade Zone on the Persian Gulf.
Source: Islamic Republic News Agency
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