Business And Markets
0

New Terms to Motivate Oil Traders in Iran Energy Exchange

Plans to Sweeten Oil Trade on IRENEX Plans to Sweeten Oil Trade on IRENEX

After the last two offers of crude oil on the Iran Energy Exchange (IRENEX) ending in vain, officials with the National Iranian Oil Company and capital market say they are determined to continue with the offers by sweetening the trading terms. 
At press briefing, Shapour Mohammadi, head of the Security and Exchange Organization said the terms the next time around are bound to improve.
"We hope that with change in trading terms and in the offering notices, and with Oil Ministry help, buyers would be more enthused," Mohammadi told reporters. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com