Now Official: Iran Opened Its 1st Oil Products Bourse

Posted by Karim Baz

February 19, 2008

Iran established its first oil products bourse Sunday in a free trade zone on the Persian Gulf Island of Kish, the country’s oil ministry said.
Iran has already registered for another oil bourse, in which it has said it hopes to trade oil in Euros instead of dollars, to reduce any American influence over the Islamic Republic’s economy.