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Commodities Briefing - Categorized | Market Moves, Oil more

Russia invites Iran to sell oil at Petersburg commodity exchange-2

Posted on 03 March 2009

From Rian.ru: Russia has invited Iran to sell crude oil on the St. Petersburg Commodity Exchange, the Russian energy minister said on Monday. “The Russian side has proposed that our Iranian partners consider the possibility of selling a part of Iran’s oil at the St. Petersburg Commodity Exchange,” Sergei Shmatko said.

Shmatko, who is the Russian co-chairman of a bilateral intergovernmental trade and economic commission, said the proposal was important in a situation where oil producing countries “are diversifying their trade infrastructure on the world oil market.” …. Full Article: Source


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