Speaking to NIPNA, APGP's managing director said the project will need
462 million euros of finances for completion and Japanese investors will supply
a portion of the investment via Persian Gulf Petrochemical Industries Company
(PGPIC), the mother company of Apadana Persian Gulf Project.
Touraj Arounaqhi said the project has so far advanced 28% and provided
that it progresses as planned, its completion will reach 33% soon.
Japanese companies have started opening usance L/Cs worth other 960 million
euros for Iran's petrochemical projects since last year.