The initial project raised 250 billion rials from 122 individual and institutional investors. The campaign began Wednesday, Oct. 14, and was scheduled to remain open for 30 days but closed early after all available shares were sold.

According to PetroCrowd’s website, the project—titled “Working Capital Financing for Downhole Chemical Supply”—belongs to Iran Ofoq Industrial Development Company and is part of the production maintenance program at the Yadavaran oil field. The funds will allow the company to continue its partnership with the National Iranian Oil Engineering and Development Co. and carry out the project as planned.

The project is set to run for one year and includes a bank guarantee for the principal investment. Although returns are not guaranteed, investors are projected to earn an annual profit of 43%, paid in four quarterly installments.

This marks the first time a knowledge-based company in Iran’s oil sector has used crowdfunding as a modern approach to raising capital. Through this model, companies can secure financial resources by pooling contributions from a broad group of small investors.

Second Investment Project to Open Soon

PetroCrowd, established under the “Behta (Iran’s Power)” financial support initiative by the Oil Industry Research and Technology Fund, has unveiled its second investment project following the success of the first.

The new project, titled “Working Capital for Smart Industrial Burner Production,” belongs to Packman Construction Facilities Company and will be implemented in Khomeini Shahr, Isfahan Province. The project seeks to raise 250 billion rials, with a projected 43% return—similar to the previous campaign. The minimum investment is set at 50 million rials, allowing broader participation.

PetroCrowd aims to create new investment opportunities and support the growth of projects and companies active in the oil, gas, petrochemical, and energy sectors. The platform pools resources from stakeholders and directs them toward productive industrial projects, offering an innovative pathway for financing and accelerating key energy initiatives across the country.