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1/24/05

Shalamberjeh Oil Co becomes operational in Kish Island

Kish Island, Jan 24, IRNA -- In a ceremony held on Kish Island on Monday, the head of board of directors and managing director of Kish Free Trade Zone, Hossein Qassemi inaugurated Shalamberjeh Oil Company.

On the sidelines of the inaugural ceremony, Qassemi told IRNA that an oil stock market will soon open at Kish Free Trade Zone.

He added the oil stock market will be launched by a consortium comprising Kish Free Trade Zone Organization (KFTZO), Oil Ministry as well as the Ministry of Economic Affairs and Finance.

Hosseini hoped that Kish Island will soon turn into a proper regional hub for oil exchange.

Turning to the fact that part of the logistical services at Assalouyeh area are rendered via Kish, he noted, "By establishing appropriate infrastructures in the area we have paved the way for involvement of foreign oil companies."

Also addressing the audience, deputy head of KFTZO for economic affairs, said that by making proper use of the educated manpower favorable infrastructural facilities have been provided to turn the area into a major touristic, trade, monetary, banking and ICT hub.

A report released by KFTZO Public Relations Department said that 108 oil enterprises have already been registered at Kish Free Trade Zone, of which 50 percent have become operational and the remaining ones are about to be put into operation.

... Payvand News - 1/24/05 ... --



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