Document Type : Research Paper
Authors
Department of Finance, Faculty of Islamic Studies and Management, Imam Sadiq University (AS), Tehran, Iran
Abstract
Iran's oil industry, as the most important source of foreign exchange income and the country's largest energy sector, has a high potential in the direction of realizing resistance economy policies. One of the solutions to neutralize the sanctions is "selling crude oil through the stock exchange". The sale of crude oil through the stock exchange has advantages such as transparency, discovery of the highest reasonable price level due to the competitive environment between buyers, diversity in the purposes of oil sales, and prevention of corruption and rent. Despite all these advantages, the supply of crude oil in the energy exchange has been unsuccessful in practice. This research aims to identify the reasons for the failure of crude oil supply in the energy exchange and to introduce solutions for the successful supply of crude oil in the energy exchange. The current research has a qualitative approach, from the point of view of the practical goal and from the point of view of the method of collecting descriptive data, it is considered a survey. In this research, by interviewing experts in the field of energy industry and commodity exchanges and using the theme analysis method, the reasons for the failure of crude oil supply in the energy exchange under 11 organizing themes and three overarching themes and effective solutions for the supply of crude oil in the energy exchange, as follows 21 organizing themes and three overarching themes were coded and classified; Then the identified solutions were prioritized using Friedman's non-parametric test.
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