Small Capital Encouragement for Financing Oil Exploration and Production Sector

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Bagherpour, Sajjad | 2017

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 50900 (46)
University: Sharif University of Technology
Department: Energy Engineering
Advisor(s): Maleki, Abbas
Abstract:
Due to financial resources constraints, the country's oil industry, especially the upstream oil sector accounting for most of the country's foreign exchange and budget revenues, has not been developed. Thanks to the international sanctions against our country, the conventional financing methods are difficult to use anymore. According to the the current circumstances, the alternative sources of funding using modern approaches are necessary. Moreover, small capital is one of the alternative sources with the high potential for the high level of the liquidity in the society. This study, investigates the financial tools regarding capital market to attract small capital in order to finance upstream oil projects with the project finance approach. Accordingly, the tools were selected and ranked with respect to investees and investors. This research has been performed with a research approach along with an experts poll using the VIKOR model. The results show that the SUKUK of Musharaka, Ijara and Manfaat as project finance-based tools with different perfrences are attractive for investees and investors
Keywords:
Project Finance ; Finance ; Crude Oil ; Private Capital Absorption ; Small Capital ; Islamic Finance Tools

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