€220m Finance up for Grabs by Gachsaran Petchem Project

€220m Finance up for Grabs by Gachsaran Petchem Project
(Wednesday, July 26, 2017) 00:56

TEHRAN (NIPNA) -- Managing director of Gachsaran Petrochemical Project Jamshid Mobaraki said 220 million Euros has been provided for investment in the project through bonds that were issued last week.

Addressing a press conference on issuance of the bonds for financing the project, Mobaraki said the plant is a midstream unit that needs upstream and downstream plants to be influential and economically profitable.

Speaking of how units rely on each other for their activities, he said Bidboland Refinery is being constructed but needs Gachsaran facility to become economically justifiable.

Email is required
Characters left: 500
Comment is required