PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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From: Doug R	7/29/2005 10:00:51 AM
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Iran oil bourse wins authorization TEHRAN (PIN) — Iran’s Bourse Council has given the go ahead to establishment of the first-ever oil, gas and petrochemical stock market in the Islamic Republic, a deputy minister of oil said. Mohammad Javad Assemipur told PIN the national council has promised to lay the foundation for the oil, gas and petrochemical bourse. Assemipur, also in charge of the country’s oil bourse, said the stock market will play a significant role in national revenues and transparency in the oil deals. He said the idea behind this oil bourse came from the government of outgoing President Mohammad Khatami. Assemipur said: “In the first stage, oil products and petrochemicals would be traded in this bourse.” “We sought consultation from 180 stock markets and relevant institutes in the world before deciding to open this bourse in Iran. But we have not copied their structures and we have our own system in the country,” he added. Iran’s oil bourse will be the first of the kind in the Middle East and notably within the Organization of Petroleum Exporting Countries. The official said the stock market would be constructed in the Persian Gulf island of Kish. “We are also making plans to open an information market for Iran’s oil bourse,” he said, adding the bourse will open branch offices in Assaluyeh and Ahvaz. tehrantimes.com

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