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 GoKish -> News -> No limitations on transactions by foreigners at the Oil Bourse
No limitations on transactions by foreigners at the Oil Bourse
The Kish Stock Exchange Director said: "There are no limitations imposed on transactions by foreign shareholders at the Oil Bourse in Kish". In an interview with IRNA on the sidelines of the opening of the Oil Bourse in Kish, Hossein Allahdadi added: "In accordance with the Free Trade-Industrial Zone regulations, foreign nationals can easily carry out their transactions at the Stock Exchange in Kish and there are no limitations on foreign currency transactions". He pointed out to the opening of the first stage of the Oil Bourse in Kish and stated: "Due to the lucid prices of downstream petrochemical products, risks at the Oil Bourse are low at this stage". Allahdadi stated: "With the opening of the first stage of the Oil Bourse in Kish, the grounds have gradually been laid for internationalising it with positive results". According to him, 21 agencies have been trained to carry out oil, gas, and downstream petrochemical products transactions at the bourse, on computers or personally. The opening ceremony took place with the presence of KFZO MD and officials of executive organisations. The first transaction of downstream petrochemical product of light duty polyethylene took place at 9.30 this morning, for the amount of two thousand and 200 tonnes in 100 tonne cases and registered at the Oil Bourse in Kish. Simultaneously with the ceremony on Kish Island, the ministers of Finance and Economy, and Oil in Tehran issued the order for the transaction of the first downstream petrochemical product at the Oil Bourse in Kish.
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[1386-11-30 - Times Viewed : 1900]

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