“Petroleum bourse to become reality”

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.