Capital Market, Strategy to Raise Funds in Petchem Project

Capital Market, Strategy to Raise Funds in Petchem Project
(Tuesday, December 17, 2019) 16:05

TEHRAN (NIPNA) – An official with the Iran Chamber of Commerce, Industries and Mines voiced the chamber’s readiness to work with petrochemical companies to use the capital market's potential to attract fresh investment.

Mohsen Ameri, Investment Manager of Iran Chamber of Commerce, Industries and Mines, told NIPNA about the role of the chamber in advancing the goals of the private sector in the petrochemical industry.

“Currently, most petrochemical firms are private-run which is an all-out strategy to prevent sale of crude oil and gas,” he said.

He said that the strategies of the petrochemical value chain needed to move in a direction that could ensure more development for downstream industries by generating more value-added in exporting products.

Investment Manager of Iran Chamber of Commerce, Industries and Mines pointed out ways to attract funds through the capital market, adding: "The private sector is less attractive to investors due to having smaller projects without government guarantee, so one of our goals is to find ways to direct more financial resources to private-run activities, even in small and medium-sized enterprises.”

He said that the capital market is one of the sources of domestic financing, adding attracting foreign investment has become difficult due to the sanctions.

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