Financing refineries and petrochemicals by developing energy investment funds.
Mohammad Nazifi, CEO of Iran's Energy Exchange, regarding the financing of manufacturing industries through the attraction of small capital and the development of investment funds, said: Small capital can help finance the production activity of refineries and petrochemicals that issue these bonds within the mechanism of issuing deposit bonds.
He continued: Currently, 4 new commodity-based investment funds in the energy sector have received initial approval from the Securities Organization to operate on the Iran Energy Exchange.
Nzapi Messer: Considering the requirement of these funds to invest at least 70% of their assets in commodity deposit certificates and savings certificates, the financial resources collected from small investors can be directed to the real sector of the economy and the energy industry through the purchase of these bonds.
He added: In this way, micro-capital can help finance the production activity of refineries and petrochemicals that issue these bonds within the mechanism of issuing these bonds, or provide the financial resources necessary for the development and execution of these projects through support for energy saving and optimization programs. It can play an effective role in reducing the country's energy imbalance while helping to develop production capacities and increasing energy efficiency.
Young Journalists Club.