According to the company, CEO Mohammad-Sadeq Azimifar said the securities were admitted to the exchange in September after receiving the necessary permits from the Oil Ministry. He noted that since the start of the 14th administration, the company has emphasized shifting from a purely supply-driven approach to consumption management and efficiency, with vehicle fleet renewal as a top priority.

Azimifar said Iran’s Economic Council has provided a legal framework for modernization projects under Article 12 of the Law on Removing Barriers to Production. However, progress has stalled in recent years due to two main obstacles: lack of financing and repayment of investor debts, which undermined confidence, and the complexity of renewal projects involving multiple stakeholders.

To address these issues, Azimifar said the new financing process allows investors in fleet renewal projects to receive diesel savings bonds, which can be traded on the exchange. He added that to reduce the risk of default, the company is preparing an agreement with a designated bank in cooperation with the Oil Ministry to guarantee settlement of the bonds.

In addition, he said the company has begun selling physical diesel in recent months to supply demand above quota levels for industries, mines and businesses, helping to create market demand for the new securities.