Iran's crude oil sale of the stock market: minister

Iran Economic Affairs and Minister of Finance Shamseddin Hosseini announced that his country plans in the Persian Gulf Kish Island on the International Petroleum Exchange, crude oil trading, the local satellite television news reported on Tuesday.

Hosseini said on Monday that the transfer of the stock market, the oil exporters of crude oil to generate better income, the report said.

In April, Ali Salehabadi, Iran to the United States Securities and Exchange director of the organization, he said, Kish oil stocks will be the market of crude oil and petroleum products trading venues, will also create opportunities for foreign investment.

"by the Kish Free Trade Zone is one of the benefits of the representatives of international companies and individuals can easily go to the Big Island and currency transactions, "Salehabadi television quoted as saying by the news.

Iran, one is the Organization of Petroleum Exporting Countries (OPEC) members, is the world's fourth largest oil producer.

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