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Foreigners seeking Iran oil through stock exchange: Official

Also, a number of foreign companies have come to Iranian embassies in different countries to receive information about buying Iran’s oil via stock exchange, Ali Hosseini told the Islamic Republic News Agency (IRNA).

On July 1, Iranian First Vice-President Eshaq Jahangiri announced that the government is to offer the country's oil through national stock exchange as the US has targeted Iranian oil sector in order to restrict the country's exports.

Hosseini told IRNA some foreign companies have even been given transaction code.

Heads of the three branches of the government at the country’s Supreme Council of Economic Coordination have agreed to continue offering oil through stock exchange but time for new phase of the offering is not clear yet, he said.

Customers have made demands for settling total money for Iran oil in rial, senior energy official added.

He went on to say that there is no limitation to the amount of oil being offered by the Iranian Petroleum Ministry.

However, instability in global markets for oil and decline in its price are the issues that should be considered, Hosseini noted.

Iran has already offered oil through stock exchange in two phases, first on Oct 28 and second on November 11.

Despite the world’s criticism over Washington’s anti-Iran measures, US President Donald Trump reinstated unilateral sanctions on Tehran on November 5 and imposed as he claimed the “highest level” of economic bans on the Islamic Republic of Iran.

However, Trump granted eight countries Iran’s sanctions waiver for a certain period of time. .

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