The non-governmental oil industry guarantee fund received its preliminary approval at the twenty-fifth meeting of the National Financial Supply Council. This fund is created to facilitate the provision of the necessary guarantees and collateral for companies active in the fields of oil, gas, and petrochemicals and is set to be based on Kish Island.
Details of the Fund's Establishment
The non-governmental oil industry guarantee fund will be established with the participation of 20 shareholders, including five commercial banks of the country, 10 Iranian exploration and production companies, the National Development Fund, the National Iranian Oil Company, the Iran Energy Exchange, the Oil Industry Research and Technology Fund, and the Kish Free Zone Organization. This fund is being launched to provide better conditions for Iranian companies active in the oil and gas industry, especially in the upstream sector.
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Services and Capacities of the Fund
This specialized entity will issue various types of guarantees required by companies active in the oil and gas industry, including payment commitment guarantees, participation in tenders and auctions, performance guarantees, and advance payment guarantees. Investor companies, contractors, and operators in the fields of oil, gas, and petrochemicals will be stakeholders in this mechanism. Additionally, banks, the capital market, and other financial institutions can utilize the capacity of the guarantees issued by the fund as collateral-eligible entities.
The founding assembly of the fund was previously formed on February 18, 2026, and now with the issuance of preliminary approval, the process of obtaining necessary licenses, registration, and commencing the activities of this entity has entered a new phase. The establishment of the fund in Kish and the presence of the Kish Free Zone Organization among its shareholders can enhance the capacity of this region in the area of specialized financial services and support for investments related to the oil industry.
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