Ambiguity in the definition of "emergency"; How much authority does the Ministry of Petroleum have in approving refineries? ▫ Arjang Mansouri Jozni, a senior legal expert of the capital market, discusses the concept of "emergency" in the decision of the Council of Ministers regarding refineries in the pulse program of the stock exchange; A phrase that carries a lot of ambiguity from a legal point of view. ▫ This decision mentions "the state of emergency caused by the fluctuation of the world market", but it is not clear what exactly is meant by the fluctuation and what conditions can create the state of emergency. Also, no specific period of time was set for measuring volatility, nor was the amount or percentage of changes in the market considered as a criterion. ▫ From a legal point of view, this ambiguity can also create challenges for the refineries; Because the limits of the Ministry of Petroleum's authority and the conditions that can form the basis for decision-making were not clearly specified in the decision. The link of this program is in Apart.

Ambiguity in the definition of "emergency"; How much authority does the Ministry of Petroleum have in approving refineries? ▫ Arjang Mansouri Jozni, a senior legal expert of the capital market, discusses the concept of "emergency" in the decision of the Council of Ministers regarding refineries in the pulse program of the stock exchange; A phrase that carries a lot of ambiguity from a legal point of view. ▫ This decision mentions "the state of emergency caused by the fluctuation of the world market", but it is not clear what exactly is meant by the fluctuation and what conditions can create the state of emergency. Also, no specific period of time was set for measuring volatility, nor was the amount or percentage of changes in the market considered as a criterion. ▫ From a legal point of view, this ambiguity can also create challenges for the refineries; Because the limits of the Ministry of Petroleum's authority and the conditions that can form the basis for decision-making were not clearly specified in the decision. The link of this program is in Apart.