A non-governmental oil industry guarantee fund with a capital of 300 million euros will be established on Kish Island. This initiative was approved in principle at the twenty-fifth meeting of the National Financing Council, and the Kish Free Zone Organization is also one of the shareholders of this fund.
Fund Objectives and Services
The main objective of this fund is to facilitate the provision of collateral and guarantees needed by Iranian companies and to support the financing of upstream oil and gas projects. This entity seeks to cover part of the needs of stakeholders in this field for guarantee instruments and intends to support oil and gas projects by issuing various guarantees, including payment commitment guarantees, participation in tenders and auctions, performance guarantees, and advance payment guarantees.
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Shareholder and Stakeholder Composition
The non-governmental oil industry guarantee fund will be launched with the participation of 20 shareholders. These shareholders include five commercial banks in 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. Additionally, investing companies, contractors, and operators active in the oil, gas, and petrochemical sectors are considered stakeholders of this fund.
Banks, the capital market, and other financial institutions can also use the guarantees issued by the fund as collateral-eligible entities. This fund can provide the necessary guarantee instruments for companies active in the oil and gas industry to secure financial resources and facilitate the financing of projects in this sector.
The founding assembly of the non-governmental oil industry guarantee fund was previously held on February 17, 2026, and with the issuance of the principle approval, the process of obtaining permits, registration, and commencing the activities of this specialized entity has entered a new phase. The establishment of this fund on Kish Island and the presence of the Kish Free Zone Organization among the shareholders will enhance the island's capacity in the field of specialized financial services and support for investments in the oil industry.
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