Tuesday, June 08, 2004

Iran to Launch Oil Exchange

Iran to Launch Oil Exchange : "

Iran to Launch Oil Exchange


TEHRAN (AFP) -- Iran is planning to open an oil exchange in a year and will contract an international consortium to set up the body, a senior oil ministry official overseeing the plan said Tuesday.
'In addition to oil, other energy products such as oils and petrochemicals will be sold,' Mohammad Javad Asemi-Pur told AFP. 'Like elsewhere, the sales we be made by traders and the ministry will sell oil through them,' he added."

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