Iran’s Oil Industry Research and Technology Fund is unveiling the Beta Financing Package at the “Strategic Transformation in Investment in Iran's Upstream Oil & Gas Sector" event, which will take place on April 22 in Tehran, as reported by the PR Office of NIOC.
This package will facilitate financing for projects and SMEs in Iran’s oil sector through public capital. It includes two key instruments:
1. PetroCrowd – The first specialized crowdfunding platform for Iran’s oil industry:
- Operates under the supervision of Iran’s Over-the-Counter (OTC) market.
- Focuses on microfinancing by attracting funds from oil industry stakeholders.
- Streamlines and accelerates financing for oil sector projects.
2. Special Oil Investment Deposit Certificates:
- Utilized within the national banking network for medium-scale financing.
- Offers simplified issuance processes, required guarantees, and preferential fee rates through resource leveraging agreements with banks.
Companies with the financial and credit capacity to participate in the investment packages may submit requests to the Oil Industry Research and Technology Fund to access these financial instruments, with funding available up to 500 billion rials.