Dr. Hassan Ban mentioned according to the law of "Supporting the development of downstream industries of crude oil and gas condensates with public investment" we are supposed to finance with public capital. That is, instead of selling just oil and giving its money to the Planning and Budget Organization (PBO) by the government, a series of good events occur, such as the 14 percent share of the Oil Ministry will be deducted and the rest will be allocated to the development and budget of the country.

He went on to say that instead of selling oil under the old system and using oil as financing for its own projects or using other approaches such as buy-back, the government is supposed to use the capital of other countries and large companies. For the first time in the history of Iran's oil industry, public capital is to be used and the best place for it, in fact, is the capital market.

The law states that people can get involved in this project which can be both a public and a private project, but the law states that if the private sector wants to do this, it shall finance at least 30% of its project or company through the capital market. Here the role of financing companies and investment consulting companies becomes much clearer, whether for running public companies, establishing project funds or for the trusts of the oil industry. Because the financing phase is a short-term process of 3 to 5 years and after this period, it is supposed the original money that was not received by the oil company to be received through the production of the same project which also has a priority.

Ban added the law’s definition states there was a plan which referred to refinery plans. A license has been defined for feed break and how long the break will be given in this project. A company is the executor of the project that must be appointed, but we have an internal executor of the project who must be coordinated with the executor of the external project. Here a task has been assigned to the government and the Ministry of Oil to help up to 2 million barrels per day through non-governmental sector to be invested.

In other words, the government is practically cooperating with the private sector indirectly (it says I bring oil), provided that the private sector finances 30% through the people and the people be stakeholders.

.Dr. Ban said another clause in this law that is interesting to me is that these projects must be in coastal areas. This law was an example of oil barter with the project