Iranian Energy Economics

Prioritizing Financing Methods for Upstream Oil Industry Projects in Iran Using a Combination of Fuzzy DEMATEL and Fuzzy ANP Methods

Articles in Press

Document Type : Research Paper

Authors

zahra sattarinasab 1
Abdolrasool Ghasemi 2
mahdi bahrololoum 3

1 PHD student of Allame Tabatabaie univesity

2 Associate Professor in Energy Economics, Faculty of Economics, University of Allame Tabatabai

3 Assistant Professor in Financial Managment, Faculty of Finance and Banking, University of Allame Tabatabai

https://doi.org/10.22054/jiee.2024.81335.2107
Abstract
Abstract:

Due to current sanctions, financing upstream oil industry projects faces significant challenges. To design an effective financing portfolio for these projects, we first identified financing criteria through a literature review. Using the fuzzy Delphi method, we screened and determined six main criteria. The fuzzy DEMATEL technique revealed that among these criteria, repayment structure constraints, currency exchange rate fluctuation risk, external monitoring factors (cause type), and The financing cost factors, the time required to acquire financial resources, and the risk of failing to obtain financial resources are of the effect (dependent) type. Additionally, the time required to acquire financial resources has a greater weight compared to other criteria. Considering the weighted criteria the fuzzy TOPSIS technique showed that issuing forward contracts had the highest priority, while obtaining international bank loans had the lowest priority. The study involved 12 experts from the oil industry and the banking and capital markets, who provided responses to structured questionnaires.

Keywords

Decision Making Criteria
Upstream Oil Industry Projects Financing
Fuzzy DANP Method
Subjects
Iranian Energy Economics

Articles in Press, Accepted Manuscript
Available Online from 23 October 2024

  • Receive Date 07 September 2024
  • Revise Date 23 October 2024
  • Accept Date 23 October 2024
  • First Publish Date 23 October 2024
  • Publish Date 23 October 2024

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