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Iran, the world's fourth-largest oil producer ...
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The new
Oil Bourse ( nope, not in a cave .. )
The Iranian Oil Bourse[1], (Persian: بورس نفت ایران ) International Oil Bourse[2], Iran Petroleum Exchange or Oil Bourse in Kish[3] (IOB; the official English language name is unclear) is a commodity exchange which opened on
February 17, 2008,[4][5][6][3]. It was created by cooperation between Iranian ministries and other state and private institutions. The IOB is a Petrobourse for petroleum, petrochemicals and gas in various
non-dollar currencies, primarily the
euro and Iranian rial and a basket of other major currencies. The geographical location is at the Persian Gulf island of Kish which is designated by Iran as a
free trade zone.[7].
Although opening the oil bourse was delayed from the original date of March 2006, during 2007, Iran had been asking its petroleum customers to pay in non-dollar currencies. On December 8, 2007, Iran reported to
have converted all of its oil export payments to non-dollar currencies. [8]
Iran's Oil Bourse: A Threat to the U.S. Economy?
and ...
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FLOATING STORAGE
Iran has leased a fleet of giant crude vessels to sit offshore holding
the crude it has yet to sell. The ships can hold more than 30 million
barrels of crude, more than a week of Iran's oil output. Shipping
sources say they are nearly full.
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http://www.guardian.co.uk/business/2...oyaldutchshell
Seems that a " regime change " is required to bring " freedom " to those poor people ....