September 29, 2008
Iranian Oil Minister on Oil Stock Market and South Pars Developments
Text of unattributed report headlined" Oil will go to bourse" published by Iranian newspaper Aftab-e Yazd on 25 Sep
The Oil Minister [Gholamhoseyn Nowzari] announced that 41bn dollars have been invested in the oil industry and finalizing the stages of selling crude oil at the oil stock market. In an interview with Borna [news network] he said: The Yadavaran, Darkhoveyn are among other fields of the state where foreign investment has been made. However, the amount of the attracted capital and contract increase in accordance with the increase in the expenses and prices.
Speaking about the delay in exploitation of the Iran-Alborz semi- submersible drilling platform, he pointed that the tows were not ready yet.
Regarding the delay in the meeting of the oil bourse with participation of Oil and Economic Affairs ministers he said: The proposed meeting was not held. However, the expert work on the oil stock market is being carried out and the operation stages for selling crude oil at it [oil stock market] are being finalized.
Originally published by Aftab-e Yazd, Tehran, in Persian 25 Sep 08.
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