Dana Energy Signs 10,000 Billion Rial Financing Contract with Iranian Oil Industry Ventures at Iran Oil Show 2025

On Saturday, 10 May 2025, during the 29th International Oil, Gas, Refining and Petrochemical Exhibition, Dana Energy signed a contract for project financing via Special Oil Certificate of Deposit, valued at 1,000 billion tomans (10,000 billion rials), with Iranian Oil Industry Ventures (IOIV).

This contract was signed by Mr. Mohammad Iravani, CEO of Dana Energy, and Mr. Mohammad Heidari, CEO of the IOIV, and establishes enforceable financing terms for Dana Energy’s investment development programs. This novel financial instrument was designed by IOIV and has become operational with the collaboration of the country’s leading banks.

To date, only four major national oil conglomerates, including the Persian Gulf Petrochemical Industries Co (PGPIC), have concluded agreements of this scale, reflecting Dana Energy Investment’s solidified market position and its professional capabilities to mobilize capital and finance large-scale projects.

With an innovative approach that integrates technical expertise and financial structuring, Dana Energy has taken a significant step toward leveraging advanced financing tools to accelerate the development of its fields and strategic projects. This initiative may serve as a successful benchmark for other active companies in Iran’s oil sector.