Member of Parliament: The shares of oil projects will be offered on the Iranian stock exchange

According to Energy Press report, Seyyed Hamid Hosseini, in the assessment of public investment in the oil industry, stated: The entry of public capital into the oil industry sector was allowed from 1994 to 1995 to the downstream sector of the oil industry, especially special products, and since then the private sector has been able to operate in the oil sector. , bitumen and paraffin, etc., in the next stage, enter the field of hydrocarbons and small refineries, now the private sector is present in the downstream sector of the oil industry and has invested and exported.

He added: Now we have a large number of bituminous units and oil refining units that re-refine 500 to 600 thousand tons of used oil every year and bring it back to production capacity, thus helping the environment. Also, more than 100 hydrocarbon units in We have a country that is invested by the private sector.

A member of the Energy Commission of the Chamber of Commerce said: not only some sectors of the oil sector, but also in the gas, liquefied gas, distribution and packaging sector, as well as several large petrochemical units have been launched with the capital of the private sector, so the private sector is present in the downstream sector of oil, gas and petrochemicals. and there is no doubt that there is no obstacle to the presence of the private sector.

People should buy oil instead of investing in the bank

He also said about the possibility of using people’s capital for the development of the macro sector: now some steps are being taken, such as the fact that in the past few years, the Energy Exchange has been selling oil deposits with the help of the Ministry of Oil, which means that people can instead of investing their money in Banks invest or buy currency; buy barrels of oil and considering that they buy Riyals; They can sell it in dollars in the market, it is also possible that if they buy 700 thousand barrels of oil; to export, so this is a kind of advance payment for the purchase of oil, the resources of which are at the disposal of the National Oil Company.

Hosseini stated: The stock exchange has plans where shares of projects are offered on the stock exchange for completion and people buy shares and participate in the project, for example, a project that is 90% implemented and faces a lack of resources for completion and needs credit; They value and calculate the current price of the project and allow the issue of shares and people buy the shares, this is a new program that is now popular, in addition the shares of the refineries are also traded on the stock exchange.

Cooperation with E&Ps

He explained: Another program that was carried out in the seventh program allowed the private sector to be present in the upstream sector of the oil industry, that is, if the private sector has capital; It can undertake the development of oil and gas fields, second-hand wells, the collection of flare gases, that is, it has carried out and participated in the same actions that have been carried out by the National Oil Company until now, and considering that the private sector cannot do this on its own, about 17 18 E&P companies have been identified and set up in the country that the domestic and foreign private sector can implement oil projects in cooperation with these companies, so platforms have been provided for the presence of the private sector.