Oil Bourse Iran Mercantile Exchange

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the government of iran decided establish oil , petrochemicals exchange , responsibility of creating new exchange delegated ime company. first phase launched on february 17, 2008 executing transactions of petrochemicals , chemicals has been running , second phase on verge of launching. completion of second phase, crude , by-products of oil can traded on exchange in both iranian rial , major foreign currencies (except usd).


kish island venue trading oil contracts. free trade zone. islamic republic wants encourage local investors participate in oil market tries reduce state’s role in country’s energy industry.








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