Exploitation of five oil fund investment plans in the horizon of 1402

<p style="text-align: left;">According to the oil pension funds public relations report, the chairman of the board of the oil industry pension funds said in the 18th meeting of the strategic council of projects: efforts are being made to reach the exploitation stage of 5 investment plans of the funds, including petrochemical and refinery projects (Kangan field) in the horizon of 1402. Abdul Hossein Bayat, Chairman of the Board of Oil Industry Pension Funds, at the 18th meeting of the Strategic Council of Projects of the Economic Group of Funds, on Wednesday (July 8), honoring the memory of the martyrs of the 7th of Tir, Shahid Beheshti and the Judiciary Week, said: Just as liquidity should not be used on the pretext of lack of definition The project is suspended.</p> <p style="text-align: left;">&nbsp;</p> <p style="text-align: left;"><br>It is necessary to define the project according to the financial capacity; Because the plans that remain suspended for financing suffer losses during the implementation period; Therefore, coordination between financial capacity and project definition is one of the tasks and objectives of the project planning deputy. He continued: Based on the submitted reports and field visits, it is hoped that the plans of the funds in the southern investment center (southern hub) - utility development and construction of HDPE petro-refining, Elfin Petrochemical unit Kangan, construction of Soroush Mehestan HDPE unit and SWING HDPE/LLDPE related to Nagin Mehestan project will be put into operation in the horizon of 1402. Bayat continued: We also hope that in the horizon of 1404, PDH/PP of Alai Mehestan Petrochemical will also be put into operation. The head of the board said: God willing, in the horizon of 1404, the value chain will be completed in the two investment poles of the funds in Kangan and Dehlran.</p> <p style="text-align: left;">&nbsp;</p> <p style="text-align: left;">He continued: Completing the value chain in the fund's investment hubs in the future horizons will cause the financial capacity of the funds to provide satisfactory services to retired loved ones. One of the oil colleagues who suffered from muscle problems and physical disability due to working in a hazardous chemical environment said: This honorable colleague has serious problems in maintaining balance due to exposure to harmful gases, this issue is an example of the efforts and sacrifices of oil industry employees. . We should try to provide a more prosperous retirement period for the retired colleagues who have worked and sacrificed in this way during the employment period by increasing the financial power and service provision of the funds. The Chairman of the Board of Directors added: One of the important topics of discussion of the funds is the study of economic development models in other countries. The important point in the studies of some European countries is that decades ago they moved towards privatization and non-governmental economy, and in this move, they prioritized the transfer of economic enterprises to their country's pension funds.</p> <p style="text-align: left;">&nbsp;</p> <p style="text-align: left;">He continued: Models such as economic funds, despite the fact that they are a place to gather resources, do not cause problems with the Gini coefficient due to the distribution of wealth. This coefficient is very important in the economy because it leads to the relative ability and strengthening of the purchasing power of the household for everyone. The need to pay attention to knowledge management Bayat said: In the past decade, the amount of plans and investments of funds has surpassed some companies; Therefore, it is necessary to quickly pay attention to the issue of knowledge management in the field of investment. And the goals company is obliged to take immediate action in this field in order to record and use the experience and knowledge gained in the field of project implementation. Oil has caused a lot of knowledge to be obtained; Meanwhile, some expert managers are encyclopedias of plans and it is necessary to document their experience and knowledge as capital.</p> <p style="text-align: left;">&nbsp;</p> <p style="text-align: left;">The chairman of the board of directors stated: It is very important to keep the experienced manpower that the company has spent on his education. Bayat said: It is necessary to design a risk document for upcoming projects before implementation. Fortunately, a working group has been created for this issue. After the notification of this document, in the final stage of the plan, the aforementioned document will be evaluated so that these documents can be used as valuable scientific and academic resources for the design of all programs. He said: The policies of the big funds in the field of investment will be formulated in the working group of the board of directors and will be communicated to the companies after the approval of the board of trustees. Investments are a strong point, Bayat said: because in the past decade, the official recruitment of workers in the oil industry has been very low, the ratio of the number of employees to retirees has decreased; Therefore, the funds' sources of income from the payment of employees' deductions have decreased significantly. But this year, the funds managed to maintain their financial strength with the help of investments, despite the fact that the incoming resources have decreased compared to last year due to the shortage of employees, and to forecast resources for their legal obligations from the place of sustainable investments.</p> <p style="text-align: left;">&nbsp;</p> <p style="text-align: left;">Therefore, this is the strength of the oil fund, which has managed the reduction of incoming resources from the place of workers' deficit from the place of economic activities, investment and investment profits. The chairman of the board added: In the horizon of 1402 and 1404, with the use of the fund's investment plan in the southern (Kangan) and western (Ilam) hubs, we will see a significant increase in incoming resources and, as a result, the financial strength of the funds.</p>