Stock Market Expands Role in Funding Oil Sector

Iran’s capital market is capable of financing half of the domestic oil projects, the CEO of Securities and Exchange Organizations said.
The oil industry needs $30 billion in funding, Shapour Mohammadi said, citing earlier statements by Oil Minister  Bijan Namdar Zanganeh. 
“The capital market is capable of meeting at least half the funding needs of oil projects,” he told the Petro Financial System Development Conference in Tehran on Saturday, SENA news agency reported. 
He pointed to the potential of the Iran Energy Exchange in financing oil ventures, saying the value of trade in the domestic energy market increased dramatically in the current fiscal year (March 2019-20).