“The Bank of Industry and Mine is a development bank in Iran and is one of the leading banks in the field of petrochemical investment, always has a very good interaction with petrochemical companies and is keen on expansion interactions with them,” said Ali Ashraf Afkhami in an exclusive interview with NIPNA.
He added that the bank has bankrolled many projects in this sector, including Masjed Soleyman Petrochemical Project in Khuzestan Province, southwestern Iran.
The official admired the project’s managing team for their efficient leadership, saying the initiative has generated 700 direct jobs so far.
The bank has also invested €220m in Ilam Petrochemical Project which blew a new life to the project’s progress.
The project generates 800 direct jobs in the western province of Ilam, he said.
Moreover, BIM has invested in Mehr Petro Kimia (€181m through LC), Hengam Petrochemical Project (€240m), Lorestan Petrochemical Plant (€230m), Mahabad Petrochemical Plant (€233m) and phase II of Kavian Petrochemical Plant ($380m) among other projects across Iran, he added.