Dr Mohammad Javad Asemipour as the Executive Director of Oil, Gas, Petrochemical Products Exchange Project. Dr Asemipour established a tender to select a contractor to undertake the project and as a result Wimpole Limited (Mehdi Moslehi and Chris Cook as directors) entered into a joint venture with Tehran Stock Exchange Services Company to lead what became known as the “Wimpole Consortium” which included leading technology providers and exchange expertise. May 17, 2004 Mehdi Moslehi and Chris Cook presented the Wimpole Consortium oil exchange proposal in Tehran at the Central Bank of Iran and in June 2014 Dr Mohammad Javad Asemipour appointed Wimpole Consortium as the contractor to implement the oil bourse of Iran. August 2004 Mehdi Moslehi presented the pre-feasibility study for development of Iran Oil Bourse to Wimpole's joint venture partner Tehran Stock Exchange Services Company and the pre-feasibility study report was passed to Dr Mohammad Javad Asemipour. 2005 The newly appointed project management used the above report to request a licence for trading of bourse from Iran’s Exchange Board and the new Exchange received a licence to trade in the free zone of Kish Island in the Persian Gulf. The building and trading platform were implemented in Kish Island of Iran. The Iranian oil bourse, first reported in 2005, initially had a widely publicised opening date of March 20, 2006. which is the Iranian New Year, Nauroz. According to an April 2005 report, the Tehran Stock Exchange (TSE), the Wimpole Consortium and a private staff fund for retired petroleum workers were to form a consortium developing the exchange. January 2006 Chris Cook of the Wimpole Consortium referred to delays in the process due to the election to the presidency of Mahmoud Ahmadinejad and subsequent difficulty in appointing a new oil minister acceptable both to the president and parliament. February 2006 Wimpole consortium complained that their invoices which used to receive the trading license has not paid. March 2006 the Petroleum Minister of Iran, Kazem Vaziri Hamaneh, announced that due to "technical glitches", the Bourse launch was postponed, with no new date set. However, as of April 26 Iran had restarted its move to open the oil market, and Kazem announced the bourse was set to open the first week of May. May 2006 Minister of Economic Affairs and Finance Davoud Danesh-Jafari said the Oil Ministry has a two-month deadline for presenting the Articles of Association of the Iranian