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  • 16-10-19

    Oil projects funds from local bourse in Iran

    (MENAFN) Using the bourse for financing oil projects had proven to be a successful mechanism at the time of American sanctions on Iran, Massoud Karbasian said on Tuesday.

    Karbasian told ILNA: "We have attracted 80 trillion rails through the capital market for oil projects over the past eight months,"

    The comments of Karbasian come amid reports suggesting that Tehran Stock Exchange (TSE) has been experiencing a historic boom in trade over the past months.

    The main index of the market known as TEDPIX has already exceeded 300.000 points as major companies, including those active in oil and gas industry, are reportedly benefiting from a flow of capital from currency and gold markets.

    Karbasian said: "investment in oil projects would be a safe option for Iranian households who normally seek to protect their savings from price fluctuations on the market".

    MENAFN1610201900450000ID1099133370

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