Admin backs Petchem Investment: Spokesman

Admin backs Petchem Investment: Spokesman
(Saturday, December 30, 2017) 15:06

TEHRAN (NIPNA) -- Iranian administration spokesman Mohammad Bagher Nobakht voided President Rouhani's support for investment of petrochemical projects in the country.

Speaking at a press conference, Nobakht said the administration and the private sector was exerting efforts to finance petrochemical projects.

He said Iran will need at least 4000 billion Rials for completing the sector's half-finished projects of which only IRR1260b have been allocated which is far from enough.

Nobakht also said that project with over 80% progress are prioritized over others for receiving finances. 

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