Investment Management – International Affairs

Given the National Iranian Oil Refining and Distribution Company's (NIORDC) fundamental role and position in the governance of the oil refining industry and petroleum products market, it is essential to establish an appropriate framework for the transfer of technical know-how and the development of financial institutions and instruments through the expansion of international relations. Accordingly, effective international engagement requires an integrated and coordinated structure within NIORDC capable of facilitating and supporting the following activities in the areas of international exchange of “products (including goods and services),” “technology and technical know-how,” “raw materials and capital and intermediate goods,” and “investment and financing”:

1. Establishing and enhancing international relations with a view to entering regional and international markets through the design and issuance of innovative financial instruments aligned with technical conditions, market requirements, and domestic laws and regulations;

2. Establishing an appropriate framework for the export and import of services, including technical and engineering services in the oil refining and petroleum products distribution industry, through the design and issuance of appropriate instruments, contracts and memoranda of understanding in accordance with technical conditions, market requirements, and domestic laws and regulations;

3. Developing the domestic financial markets of the oil refining and petroleum products distribution industry through the design and implementation of appropriate financial institutions and instruments for the purpose of attracting international capital;

4. Developing the necessary mechanisms and regulations to facilitate the active participation of oil refining and petroleum products distribution industry stakeholders in international markets, with the aim of international investment or financing;

5. Designing and implementing the necessary mechanisms, institutions, instruments and infrastructure for the development of technology diplomacy with holders of advanced technical know-how at the international level, with the aim of transferring knowledge and technology, with a particular focus on refineries and petro-refineries;

6. Establishing the necessary mechanisms for interaction between investment and refining-products trading sectors with a view to completing the value chain of the oil refining industry at the international level;

7. Activating and managing NIORDC's international relations in the fields of energy diplomacy and technology diplomacy, with a view to fulfilling the Company's governance and regulatory role in the country's oil refining industry