Iran denies reports it will open euro oil exchange
19:15 | 20/ 03/ 2006

TEHRAN, March 20 (RIA Novosti) - Iran denied Monday media reports that it was to open a euro-based oil exchange.

"We have no information on opening an oil exchange in the free economic zone on Kish Island [southern Iran]," a spokesman for the Iranian Oil Ministry told RIA Novosti.