“From the total of $3.5 billion insurance coverage in EGFI, $630 million i.e. 40 percent is allocated to Iranians exporters who export their products to Iraq,” she said in a meeting at Iran-Iraq joint chamber of commerce on Wednesday.
According to Afrooz Bahrami, EGFI has $2.3 billion of financial resource to cover risks, five percent of which is granted to non-oil exports.
As she previously announced, her organization is aimed at issuing guarantees for oil purchaser of Iran Energy Exchange (IRENEX) and related negotiations with the Iranian oil ministry.
EGFI is in charge of covering trade and political risks of oil and non-oil exports, therefore, it provides services to domestic stocks market including IRENEX and Mercantile Exchange Market (IME), she announced earlier on May 1.
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