TEHRAN, Iran, Sep. 14
Trend:
The foreign investment is completely dependent on JCPOA revival and joining to the FATF conventions to allow money exchange and investment attraction, the head of the Energy Commission of Iran's Chamber of Commerce said, Trend reports citing ILNA.
Referring to the issuance of corporate bonds for investment in the oil industry, Reza Paydar the head of the Energy Commission of Iran`s Chamber of Commerce said that the intensity of the devaluation of Iranian currency is so high that no one can count on the return of money or profit via corporate bonds.
He went on to say that the Chamber of Commerce is waiting for the Minister of Oil to submit his proposals on private sector participation in the development of investment in the oil industry.
"People also invest in oil projects when they are guaranteed by the government," Paydar said.
He noted that there are very few projects that are 100 percent domestic and can be financed by domestic liquidity.