Middle East Economic Survey

VOL. LIV

No 19

9-May-2011

IRAN

Iran Relaunches Kish Oil Bourse For Gasoline Trading

Iran has relaunched its Kish Island oil bourse to sell surplus gasoline. A consignment of gasoline was put on sale for export with the intention of demonstrating Irans recently achieved self-sufficiency in the fuel, state news agency IRNA reported on 3 May. The relaunch of the bourse comes on the back of a rush by the Iranian government to expand its refining capacity to counter...