EDB Keen on Financing Petchem Projects

EDB Keen on Financing Petchem Projects
(Thursday, May 25, 2017) 17:07

TEHRAN (NIPNA) -- The Export Development Bank (EBD) of Iran says it is ready to fund petrochemical projects in the country given their potentialities.

Speaking to NIPNA, Ali Saleh Abadi, managing director of EDB, said Iran’s petrochemical industry has great potentialities and can absorb the bank’s finances for
developing its projects. 

 

He underlined the significance of financing projects by domestic banks, saying the petrochemical sector is one of the generative sectors in Iran’s economy and supporting it is of crucial importance. 

 

“The Export Development Bank is ready to invest and partner in the industry’s development projects,” he said. 

 

EDB has so far invested in a number of petrochemical projects including Kermanshah, Fanavaran, Maroon and Zagros projects across the country. 
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