Building a world of
resilient communities.

MAIN LIST

 

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.

He told reporters, upon arrival from Qatar where he attended the 10th General Assembly of International Energy Agency and consultations with OPEC member states, that registration of the Oil Stock Exchange is underway and the entity will operate after being approved by by Council of Stock Exchange.

He rejected a statement attributed to him saying that Oil Stock Exchange will bring to the ground the US economy and said, "I don't know who has speculated that I've not talked about US economy." Asked about conference on energy in Doha, he said that more than 60 countries and 30 oil companies and consultants took part in the conference.

Vaziri Hamaneh said that serious discussions were held including security of supply and demand, security of investment in energy and environment issues.

"The best method for security of demand in the oil sector is that consumers should be given opportunity to enter into partnership with the suppliers in investment in oil industry." He said that the conference called for diversifying energy resources and cooperation of the developed states with the countries possessing oil and gas resources.

Asked about the oil price rise, Vaziri-Hamaneh said that oil price is being influenced by political situation, whereas it should be freed from political impacts and economic and technical fundamentals should determine the oil prices.

"As long as political impacts dominate the oil market, price hike will continue," he concluded.

Editorial Notes: One of the few mentions of the Iranian Bourse in the last month. There seems to be a typo in the quote from oil minister Hamaneh in the original article - the sentence doesn't seem to make sense:
I don't know who has speculated that I've not talked about US economy."
UPDATE: Reader Khelama suggests:
Is it possible that the sentence could have read: "I don't know who speculated that. I have not talked about (the) US Economy." Maybe something was lost in the translation?
-BA

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


Simply calling the US an oligarchy is not enough

It’s not every day that an academic article in the arcane world of …

The New Economic Events Giving Lie to the Fiction That We Are All Selfish, Rational Materialists

Jeremy Rifkin's new book, “The Zero Marginal Cost Society,” …

Millennials and the Slave Economy

Similarities abound between today’s declining civic ethos and mid …

Pop-up Stores Build Local Economies Through Sharing

The idea behind pop-ups is to allow new businesses to test their products …

Don't Leave BitCoin to the Libertarians! (Or, why Your Movement Needs Open Source Money)

Among activists one often finds an aversion to even thinking about money.

The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the …

Why Green Growth Won’t Transform the Economy

In discussions of the future of economic growth, ‘business as …