Trade in Refinery ETF Commences

The exchange-traded fund holding shares of the government in four refineries listed with Tehran Stock Exchange started trade on Tuesday. 
The ETF, dubbed ‘First Refinery’ holds government shares in Tehran Oil Refining Company, Esfahan Oil Refining Company, Tabriz Oil Refining Company and Bandar Abbas Oil Refining Company.
It was announced earlier that the government owns 20% of shares in each refinery, which was partially sold to the public in September via the ETF.