Iran Offering Long-Term Crude Oil Sales on Stock Market - Exclusive

After two successful offerings of crude oil on Iran Energy Exchange (IRENEX), officials have now rejiged the trading terms based on the needs of stakeholders. 
According to Ali Hosseini, managing director of IRENEX, the parties involved in the negotiations were the National Iranian Oil Company (as seller), IRENEX and the brokerage firms. 
In a talk with the Financial Tribune, Hosseini said given the scale and scope of the projects, the proposals were conveyed to President Hassan Rouhani by Oil Minister Bijan Zangeneh.  
The president took up the subject with the High Council of Economic Cooperation (a special body comprising Rouhani, judiciary chief Ayatollah Sadeq Amoli Larijani and Majlis Speaker Ali Larijani).