Foreign companies should be encouraged to buy oil from Iran’s stock exchange - expert
Baku, Azerbaijan, Jan. 2
By Elnur Baghishov - Trend:
In order to encourage the purchase of Iranian oil by foreign companies, the Ministry of Foreign Affairs, the Stock Exchange, the Ministry of Economic Affairs and Finance and the Ministry of Petroleum should have solidarity in the field of economic diplomacy, Sadiq Mardani, an expert in Iranian energy issues, said in an interview with Mehr news Agency, Trend reports.
He said that in order to attract foreign investments to Iran’s energy stock exchange, there should be an active stock market, banking system, energy and economy diplomacy.
Problems in the banking system should be eliminated, he noted. Therefore, banks should have financial reserves, manage payments and cash, he added. It is necessary to act in a way that will lead to the privatization of banks, he noted.
Responding to the question about the form of local companies’ participation in the stock market, he said that first, regulating the laws in financial matters is important.
Secondly, just like the Central Bank of Iran gives guarantees to foreign companies, it should do the same thing regarding the Iranian companies, he noted.