Thursday, April 27, 2006

Iranian Oil Bourse next week

Thanks to several of my correspondents I just received several pointers to the fact that the Iranian Oil Bourse is to be launched next week, about a month and a half behind the original scheduled date.

The IRIB News Department which is a division of the Islamic Republic of Iran, Broadcasting, issued a new item as below.

Iran's oil stock exchange, next week

Tehran, April 26 - Oil Minister Kazem Vaziri Hamaneh said on Wednesday that the establishment of Oil Stock Exchange is in its final stage and the bourse will be launched in Iran in the next week.


This is much more ahead of what caused the invasion of Iraq, as Saddam Hussain was only planning to deal in Euro for Iraqi Oil after sanctions were lifted!.

Watch for developments in the coming weeks - this is too close for comfort for the US neocons and the US Oil Lobby!


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