The platform, established by the Oil Industry Research and Technology
Fund, received all required legal approvals and will begin operations on
Wednesday, providing working capital financing to innovative firms in the
country’s oil and energy sector.
PetroCrad, part of the “Beta Financing Package” unveiled earlier this
year with the presence of First Vice President Mohammad-Reza Aref and Oil
Minister Mohsen Paknejad, aims to mobilize public and private investments for
productive and development-oriented projects across oil, gas, petrochemical,
and energy sectors.
Crowdfunding allows small and institutional investors to pool
resources and participate in high-potential projects. The platform operates
under the supervision of Iran’s over-the-counter market (Farabourse) and a
licensed asset management firm, providing evaluation procedures to reduce
investment risks.
According to the fund, PetroCrad offers companies an alternative to
traditional financing methods, such as bank loans or large investors, enabling
faster, more cost-effective capital mobilization. Investors are also guaranteed
the return of their capital through verified banking instruments.
The platform seeks to enhance transparency, strengthen the connection
between investors and companies, and accelerate the development of strategic
energy projects in Iran. Interested investors can access project details at www.ioic.ir