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(Arabian Oil and Gas) --
Iran’s petrochemicals industry is set to get a US$23.5 billion loan from
domestic banks to fund projects according to an official from National
Petrochemical Company (NPC), a subsidiary of the Iranian Petroleum Ministry. The
amount will be used for construction plan of 35 petrochemical projects,
according to the Mehr News Agency.
An agreement worth $6 billion for financing 21 projects is being
finalised with Bank Melli Iran, while Bank Mellat will allocate $4 billion for
construction plan of Damavand Petrochemical Complex. Bank Pasargad will also
allot $2 billion to four projects and Bank Saderat of Iran will allocate $3.5
billion for another four projects.
According to the officials, Bank Sepah will finance two petrochemical
projects worth $2 billion, while Sepehr Energy Corporation, an affiliated
company of Bank Saderat of Iran, will allocate $7 billion to three other
projects.
mrcplast.com
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