ISSN 2330-717X

Iran Trades First Gasoline On International Commodity Exchange

By

Iran’s oil refining company on Thursday sold the country’s first gasoline on an international mercantile bourse at $1,012 per ton, national media reported.

The Bandar Abbas Refining Company sold 20,000 tons of gasoline at Iran’s international mercantile exchange on the Kish Island, Ali Akbar Hashemian, director general of Iran’s Mercantile Exchange Company, was quoted by SENA as saying.

Iran
Iran

Hashemian said the sale was the final phase in launching the country’s petroleum bourse.

The National Iranian Oil Products Company (NIOPDC) has agreed to put 30,000 tons of gasoline a month on the bourse, Press TV reported.

Iran has announced plans to quadruple its gasoline production from the current 42 million liters (11.09 million gallons) per day to 186 million liters (49.1 million gallons).

Ria Novosti

Ria Novosti

RIA Novosti was Russia's leading news agency in terms of multimedia technologies, website audience reach and quoting by the Russian media.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.