Iran Opens Oil Trading to Private Buyers as US Sanctions Draw Near Interview

Petrotahlil-Sunday marks the first offering of crude oil for export on Iran Energy Exchange (IRENEX) days before new US sanctions on petroleum sector take effect.

The country had made several attempts in the past to offer crude oil on the stock market in the past to involve the private sector and international buyers in the state-controlled oil sector the lifeblood of its economy.