Ali Homayoun; Mohammad Qezelbash; mohammad tohidi
Abstract
it is of strategic importance to investigate the methods of financing the establishment of petroleum refinery units. Meanwhile, economic sanctions have seriously affected the access to financing methods, especially the financing methods of petroleum refinery projects. For this purpose, this research ...
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it is of strategic importance to investigate the methods of financing the establishment of petroleum refinery units. Meanwhile, economic sanctions have seriously affected the access to financing methods, especially the financing methods of petroleum refinery projects. For this purpose, this research has identified and ranked the financing methods of petroleum refinery projects according to the current conditions of the country's economic system. In order to identify the types of financing methods for petroleum refinery projects, all available library documents such as books, articles and related research reports were studied. In the next step, with the aim of firstly ensuring the statistics of all methods and secondly extracting the criteria for prioritizing financing methods, interviews were conducted with financing experts in the refinery and petrochemical industry, and the findings were analyzed using thematic analysis method. In the following, after the initial review and refinement of financing methods by the focal group, a questionnaire for prioritizing financing methods was compiled and provided to the experts. Examining the results of prioritization showed that joint venture (JV), build, operate and transfer (BOT), build, lease and transfer (BLT), lines of credit, engineering, procurement, construction and finance (EPCF), exchange of oil and oil products with other goods and equipment and even the project, participation in the net profit (Net Profit Interest) and pre-sale agreements (Off-Take Agreement), eight "main and priority methods", for the financing of suitable petrochemical projects in the current coordinates of Iran's economy
• سیاستگذاریهای اقتصادی و مالی در حوزههای فوقالذکر در سطوح ملی، منطقهای و جهانی
Mohammad Ali Zamani; Hossein Hasanzadeh; Ali Seifian; Mohammad Qezelbash
Abstract
Making long-term investments in the oil and gas industry to maintain the current production levels and increase its capacity is one of the ways to increase economic resilience in the country's upstream documents, including the resistance economy's general policies. In recent years, there have been intense ...
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Making long-term investments in the oil and gas industry to maintain the current production levels and increase its capacity is one of the ways to increase economic resilience in the country's upstream documents, including the resistance economy's general policies. In recent years, there have been intense sanctions on the country, especially in the energy field. The importance of proper use of China's allocated credit lines to finance these projects is revealed due to the high need for investment in oil and gas industry projects and the impossibility of covering the investment needs of this industry from domestic sources, and the challenge in effective communication with international monetary and financial institutions. Anyway, the conducted studies indicate serious challenges in using the capacity of these credit lines. For this purpose, this research tries to investigate these challenges from many aspects. After studying the background of the research and reviewing various sources, this article conducted targeted interviews with financing experts. Also, the challenges of using credit lines were extracted and classified into four categories: financial and economic, executive and operational, structural and institutional, and juridical and legal, utilizing the method of thematic analysis and focus group. The extracted challenges were exposed to experts to validate the findings. Finally, the formation of the focus group presented the corrective solutions for the use of credit lines to finance oil and gas industry projects.
