Approval has been granted for the establishment of a non-governmental guarantee fund for the oil industry with an initial capital of 300 million euros and participation from 20 shareholders from the banking, financial, and oil sectors, during the twenty-fifth meeting of the National Financing Council.
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Approval Granted for Establishment of Non-Governmental Oil Industry Guarantee Fund
Just now
September 20, 2026
1 min read
📰 Shana (Oil Ministry)
📋 Key Takeaway
A non-governmental guarantee fund for the oil industry has been approved with an initial investment of 300 million euros, involving 20 shareholders from various sectors. This initiative is significant for enhancing financial support and stability in Iran's oil industry.
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Translated from the original and edited for English readers. View original source →
Translation confidence: 85%
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