Middle East Economic Survey


No 10



Iran And Russia Propose Sale Of Iranian Oil On St Petersburg Exchange

Iranian Minister of Petroleum Gholamhossein Nozari and Russian Minister of Energy Sergei Shmatko told reporters in Tehran on 2 March that the two countries were considering a proposal for the sale of Iranian crude oil and products on St Petersburgs Commodities Exchange. The exchange was opened by a number of oil and transport companies and large banks in September 2008,...