30 November 2018 - 19:53

No Limitation for Foreign Oil Buyers in Stock Exchange: Official

Head of Iran's Securities and Exchange Organization said there is no restriction for purchasing oil for both domestic and foreign buyers in the energy exchange.
News ID : 94109
نفت

Regarding selling oil in the energy exchange, Shapour Mohammadi said offering crude oil in the energy exchange is a right job and based on the support of economy and energy commission of Iran's Parliament this trend will continue.



He went on to say that Iran's Oil Ministry has a pivotal role for selling oil in the energy exchange and the Securities and Exchange Organization will do necessary attempts.

The official mentioned that offering crude oil in the energy exchange has been done and the ministry is planning a regular program for offering oil.



Mohammadi reiterated that there is no limitation for buying oil for both domestic and foreign buyers in the energy exchange. Head of Iran's Securities and Exchange Organization said the mechanism of selling oil in the energy exchange is appropriate but if there is a technical suggestion for improving it, the suggestion will be reviewed in cooperation with the Oil Ministry.


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