Iran will issue bonds in the coming months to fund oil industry projects, said the head of Securities and Exchange Organization (SEO) on Tuesday, a month after the United States withdrew from a nuclear deal and said it would re-impose unilateral sanctions.
Iran's oil industry may be heading for choppy waters from a possible US re-enactment of sanctions, but the country's officials foresee a thriving year during which as many as 17 upstream contracts are expected to be finalized.
Head of the Investment and Consultancy Services at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM) said Iran can become an ‘investment hub’ for EU countries given its geographical position and large educated work force.
Foreign Direct Investment (FDI) in the sector of industry, mine and trade in the past Iranian calendar year in 1396 (ended March 20, 2018) hit $4 billion, showing a considerable growth of more than twofold as compared to the last year’s corresponding period.
Iran exported industrial products valued at $13.8 billion in the 10 months from March 21, 2017 to January 20, 2018, according to the director of the Chemical and Cellulose Industries Department of Iran's Ministry of Industry, Mine and Trade.
The minister of industry, mine and trade said late Tuesday that cultural commonalities between Iran and Azerbaijan Republic facilitate simple trade exchanges while moving toward complicated economic ties requires more efforts.