Oct 27, 2018, 7:11 PM
News Code: 83080617
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Iran crude oil to hit stock exchange tomorrow

Tehran, Oct 27, IRNA -The sale of crude oil in the stock exchange will start on Sunday, with one million barrels of exported crude oil.

Once summed up and evaluated again, the final decision will be announced.

Energy Stock Exchange on Saturday announced that the banks accepted by the National Iranian Oil Company to issue a Rial Bank Guarantee Letter by Pasargad, Tejarat, Tose Saderat (Export Development), Sepah, Saderat (Exports), Mellat and Melli as well as Parsian Bank.

The supply of crude oil to the stock market, which will begin after many years of ups and downs, will continue until November 4.

The supply of crude oil on the stock exchange has been repeatedly raised over past years, but failed eventually in July this year. With the support of the Iranian government and emphasis by Iran's First Vice President Eshaq Jahangiri, it is now ready to become operational.

The volume of oil supply on the stock exchange is one million barrels a day, and all oil buyers can participate in oil trading.


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