Monday, February 18, 2008

Knock me over with a feather...

the Iranian oil bourse that Dinah has been bird dogging since Dinah Lord became Dinah Lord has FINALLY opened!

Took you long enough, guys. What? It's only the initial phase? And only open to the Iranian private sector. Huh. So it's really not THAT open? Is that what you're telling me?

Oh.

The first phase of Iran’s Oil and Petrochemical Products Bourse made debut on Sunday on the Persian Gulf island of Kish. Oil Minister Gholamhossein Nozari speaking at the inauguration hoped the new bourse will help pave the way for more investment in Iran’s lucrative oil sector.

“With the launch of the first phase of the oil bourse, private sector role will be enhanced in the oil industry,“ he said.

Second phase of the oil stock market demands special considerations, he said, and noted that the necessary preparations were underway to that end. He said neighboring countries can buy oil and petrochemicals from the Iranian bourse both in rials and/or foreign exchange after the second stage comes on stream.

Hah.
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