NIOC: Iran to put up oil to stock market, as long as there are customers

Business Materials 1 November 2018 14:01 (UTC +04:00)

Baku, Azerbaijan, Nov. 1

By Elnur Baghishov - Trend:

As long as there are customers, the National Iranian Oil Company (NIOC) will continue to put up Iranian oil to the stock market, NIOC Director of International Affairs Saeed Khoshru said, Mehr News Agency reported.

He added that the sale of 1 million barrels of oil at the first stage was to test the private sector of Iran.

Presently, there is possibility to carry out sales in several currencies, such as yuan, euro and dirham, he said.

The Central Bank of Iran will receive a request for adding a different currency, and if it is accepted, currencies of other countries will be available for transactions at the stock exchange.