CEO calls for Banks Support in Petchem Sector

CEO calls for Banks Support in Petchem Sector
(Sunday, April 1, 2018) 19:30

TEHRAN (NIPNA) – The CEO of Tamin Petroleum & Petrochemical Investment Company (TAPPICO) says the support of Iranian banks is vital in increased role of domestic manufacturers in petrochemical projects.

Speaking to NIPNA, Mohammad Hassan Peyvandi underlined the role of petrochemical industry in the country’s economic development, adding Iranian manufacturers enjoy an acceptable level of technical savvy and have displayed an active presence in development of the petrochemical industry in recent years.

“However, the banking system must support the builders for them to exhibit a more active role in the sector,” he noted.

The Chairman of the Board of Directors of TAPPICO further said the powerful Iranian manufacturers of equipment and components used in the petrochemical industry should benefit from the support of the banking system and the government.

Mr. Peyvandi said: "It seems to me that the banking system needs to change its view towards supporting domestic industries and try to model the policies of developed countries.”

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