Two Banks Ready and Keen to Finance Iranian Petrochemical Projects: According to news published by NIPNA two banks are ready to finance the Iranian petrochemical industries on the way to be established.
The CEO of Iran’s Bank of Industry and Mine (BIM) voiced the bank’s readiness to finance petrochemical development projects and partner in their completion.
Speaking to NIPNA, Ali Ashraf Afkhami said the bank is a leading bank in financing petrochemical projects in Iran and has always maintained its positive relations with petrochemical companies. He said the bank is keen on development of petrochemical projects.Speaking about the latest conditions of the projects that the bank has funded so far, Afkhami said, “Masjed Soleyman petrochemical projects in the southwestern province of Khuzestan has gained 30% physical progress and the bank has so far fulfilled all its commitments regarding a $580m investment by a Chines credit line.”
The official admired the project’s managing team for their efficient leadership, saying the initiative has generated 700 direct jobs so far. BIM has also invested €220m in Ilam Petrochemical Project which blew a new life to the project’s progress. The project generates 800 direct jobs in the western province of Ilam, he said.
The Export Development Bank (EBD) of Iran says it is ready to fund petrochemical projects in the country given their potentialities.
EDB has so far invested in a number of petrochemical projects including Kermanshah, Fanavaran, Maroon and Zagros projects across the country. (SOURCE)
