A star rises in the east

Emissions trading

Plans to launch a petroleum exchange in Iran are moving forward, and have the full support of the country’s Ministry of Petroleum, sources involved in developing the exchange say.

Reforms to Iran’s capital market laws will shortly allow foreign investment, and the beginning of privatisation in the country, recent healthy returns on Tehran’s stock exchange and the centrality of oil to Iran’s economy mean conditions are ripe for developing a petroleum exchange, advocates say.

Mohammad Asemipour

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