Iran – Oil minister: Oil Bourse to start operation next week

Oil Minister Gholam Hossein Nozari said on Wednesday that Iran’s Oil Bourse is to start operation from next Sunday.

Speaking to reporters after a cabinet session, he said Minister of Economy and Financial Affairs Davoud Danesh Jaafari is to attend the opening ceremony.



Iran’s national currency, rial will be the base of hard currencies for all transactions in Tehran Oil Bourse, he said.

The country’s oil revenue is to hit dlrs 63 billion this year, said the minister.

Irna