Deputy Oil Minister: People should buy black gold instead of gold and currency
Mohsen Khojastehmehr, CEO of the National Iranian Oil Company and Deputy Oil Minister, has stated that currency and rial holders should consider buying black gold instead of investing in currency, coins, and gold, and this possibility has been provided in the energy exchange.
Referring to the opening of the deposit securities symbol in the energy exchange and the start of trading, he said that 100,000 barrels of heavy crude oil and 100,000 barrels of gas condensate will be offered daily, which over the year will amount to 36 million barrels of crude oil and 36 million barrels of gas condensate with a total value of 6 billion dollars.
The CEO of the National Iranian Oil Company added, to encourage the audience, that this new and innovative action has significant differences from the oil exchange plan and the oil opening in the previous government, in such a way that holders of the securities can own physical crude oil. He said that there is the possibility of removing crude oil from storage and selling it in this plan.