According to NIOC, the election marks a strategic step toward strengthening ties between Iran's oil industry and the capital market while channeling both institutional and retail investment into key upstream oil and gas projects.

NIOC said it plans to leverage the Iran Energy Exchange's platform to develop new financing instruments, attract investment for oil and gas field development, and support higher production.

The company said its membership is expected to strengthen its role in the capital market while creating new opportunities for private-sector investors and financial institutions to participate in major oil industry projects.

NIOC described the move as an important step toward the sustainable development of Iran's oil industry and a means of expanding the use of capital market financing for national strategic projects.