Iran's challenges for attracting investments into its oil industry

Oil&Gas Materials 7 September 2021 16:38 (UTC +04:00)
Iran's challenges for attracting investments into its oil industry

TEHRAN, Iran, Sept. 7


The liquidity in Iran is over $952 billion, and it can be directed towards infrastructure and the oil industry sectors, Iranian economic expert Mohammad Chegini said, Trend reports via ILNA.

He pointed to certain challenges for attracting investments into Iran's oil industry and possibility of selling oil bonds. He said the development of efficient refineries is the first and foremost priority of the oil industry.

“Financing in Iran, so far, has been mainly bank-based, securities-based and through development-oriented funds,” he said.

Chegini suggested to lift the monopoly of the oil industry and encourage people to participate and invest in the oil sector. He said that the capital market should play the main role.

“Rebuilding people's trust in the stock market and maintaining that trust will be the main function of the capital market regulator.”

Chegini suggested listing the National Oil Company on the stock exchange and beginning its initial public offering with 5 percent of the total shares.

He went on to predict that about $ 90 billion to $ 150 billion will be raised.