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What happened to Iran's pre-sale oil bonds?

Oil&Gas Materials 11 November 2020 10:05 (UTC +04:00)
What happened to Iran's pre-sale oil bonds?

TEHRAN, Iran, Nov. 11

Trend:

The head of Iran parliament's energy commission Fereidoun Abbasi has announced that the country's president removed the plan on pre-sale oil bonds from the agenda after the parliament disagreement on the timing, Trend reports via ILNA.

“The issue of oil bonds was raised as an economic breakthrough before it was discussed anywhere or there was a consensus over the plan,” Abbasi said.

"The issue was examined within a working group consisting of the heads of the economic commissions of the parliament and with the presence of government representatives,” he said. “Apparently it was removed from the agenda by the president."

The head of the parliament's energy commission said that the president promised 'an economic breakthrough', but did not announce the details.

"According to the president, the oil bonds should be sold within the current administration, while the delivery of oil would be postponed until the next government comes to power,” he said.

In August, Iran decided to pre-sell the country's oil, the main source of the Islamic Republic's income, to its citizens by offering oil bonds and the government has said it intends to put the oil on the stock market in the framework of an "economic breakthrough".

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