Biography

Born in 1954 in Tehran, Danesh-Jafari graduated with Bachelor's Degree from the Kashmir University

University of Kashmir

-Faculties/Departments:* Arts** Department of Arabic** Department of Urdu** Department of English** Department of Kashmiri** Department of Foreign Languages** Department of Library and Information Science** Department of Linguistics...

, India in Civil Engineering. He is an alumnus of National Institute of Technology Srinagar in Srinagar

Srinagar

Srinagar is the summer seasonal capital of Jammu and Kashmir. It is situated in Kashmir Valley and lies on the banks of the Jhelum River, a tributary of the Indus. It is one of the largest cities in India not to have a Hindu majority. The city is famous for its gardens, lakes and houseboats...

, India.
In 1992 he graduated a Master's Degree in Economics, and in 2001 he obtained a PhD

Doctor of Philosophy

Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...

 from Allameh Tabatabaii University

Allameh Tabatabaii University

Allameh Tabatabai University , is a public university in Tehran, Iran, under the supervision of the Ministry of Sciences, Research and Technology...

, Iran. He is an expert on Tehran Developments for the Government of Iran. Davoud Jafari was a Member of Parliament in the 5th term and was an MP in the 7th term.

Since 2006, he has been involved in plans to create the Iranian Oil Bourse

Iranian oil bourse

The Iranian Oil Bourse International Oil Bourse, Iran Petroleum Exchange Kish Exchange or Oil Bourse in Kish is a commodity exchange which opened on February 17, 2008. It was created by cooperation between Iranian ministries, the Iran Mercantile Exchange and other state and private institutions...

, a commodity exchange

Commodity exchange

Commodity exchange may refer to:* Commodities exchange, any exchange where various commodities and derivatives products are traded.* Commodity markets, for the markets trading on commodities in general....

 for oil

Oil

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 and oil byproducts, which would trade mostly in the Iranian currency

Iranian rial

The rial is the currency of Iran. It is subdivided into 100 dinar but, because of the very low current value of the rial, no fraction of the rial is used in accounting....

 and other major currencies
In December 2006, he was reported as saying that he intended to reduce US dollar based transactions as much as possible.

In January 2008, he announced that the Iranian Oil Bourse would be opened during the anniversary of the Islamic Revolution (February 1–11)

Iranian Revolution

The Iranian Revolution refers to events involving the overthrow of Iran's monarchy under Shah Mohammad Reza Pahlavi and its replacement with an Islamic republic under Ayatollah Ruhollah Khomeini, the leader of the...

 a month later. Oil Minister Gholam Hossein Nozari

Gholam Hossein Nozari

Gholam Hossein Nozari was the last Minister of Petroleum of Iran.He was born in Kazerun.In February 2008, he announced that the Minister of Economy and Finance Affairs, Davoud Danesh-Jafari, would become the head of the Iranian Oil Bourse, which opened on February 17, 2008 on Kish...

 later announced that Davoud Danesh-Jafari would become its head. The Oil Bourse opened on February 17, 2008 on Kish Island.