Iran oil bourse wins authorization

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.

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Ok so here we see Iran entering the oil market with their own oil bourse, which of course, would be a great competitor to the British Brent Spar, which has controlled the oil bourse for a long time now.

Just like Iraq was about tto change their oil trade into Euros, they were attacked and the dollar installed. Now Iran wants to trade, and are switching either to Euro old the Gold Dinar, and now Cheney is openly talking about nuking Iran.

It is all about geopolitics. It all adds up and makes sense when understanding which puzzles go together.