Petroleum Bourse to become Reality

[katty]

continue at:
http://www.iranmania.com/News/ArticleView/viewprintablearticle.asp

IranMania News - www.iranmania.com

"Petroleum bourse to become reality"

(BOURSE MEANS: Bourse is the French term for a stock exchange, meaning, literally, purse)

LONDON, July 27 (IranMania) - A senior stock market official has said that the Stock Exchange Council has agreed in principle to the establishment of the much-publicized oil bourse.

Heydar Mostakhdemin-Hosseini, who heads the board of directors of the council, told Fars news agency that the council, also tasked the Oil Ministry to formulate necessary mechanisms for the establishment of the oil bourse in line with the country's general stock market policies, Iran Daily reported.

"The issue of setting up the oil bourse will be finalized once the Oil Ministry presents the outcome of its studies on the organization and articles of association of brokerage firms," he said, adding that stock market software would be created in partnership with foreign parties.

Once established, petrochemicals, crude oil and oil and gas products will be traded at the petroleum exchange, known as oil bourse.

[bemildred]

1. Eeeeeek!

Feeling rather feisty, are they not?
Another big win for Bushite foreign policy.