Addressing a
specialized panel at the 5th Oil and Power Congress on Wednesday, Jafar
Rabiei said financing projects in the energy sector has always been a major
concern for managers due to requiring heavy investments.
He said
major corporations are trusted by the public and can use capital raising tools,
such as stocks or stock-based securities.
“This was a
move that the Persian Gulf Petrochemical Industries Company adopted last year
with Rls. 10,000 billion of capital,” he said.
The official
further added that PGPIC subsidiaries enjoyed 20% share in the capital market
of the country.