Tehran, Iran, Oct. 30
Trend:
The launch of the Energy Exchange could somehow resolve the sanctions problems, a former Iranian MP told Trend.
“The sale of oil through the stock exchange is the best way to eradicate the abuses that existed in previous governments,” said Gholam Ali Meygoli-Nezhad. “Of course, these abuses are not related to a specific period, so the sale of oil through the stock exchange could be helpful.”
“The decision to sell oil via the Exchange in these circumstances seems to be correct. Of course, there should be strong monitoring from the government side, the parliament, or the relevant regulatory bodies,” he said.
“Of course, this decision is mostly due to the limits imposed by the United States on the buyer companies, and our policies must be in such a way that the buyer companies are not damaged.”
Referring to the presence of foreign companies in the Exchange, he says that the presence of these companies has no legal obstacle, and what matters to Iran is the sale of the country's oil during the sanctions, no matter whether the buyer is an Iranian or a foreigner.
"Prices must be clearly stated in the Energy Exchange and the oil must be sold indiscriminately between domestic and foreign buyers,” he said.
"US restrictions make it difficult to easily sell crude, and the launch of oil bourse can somehow overcome the limitations.”