NPC Focused on Capital Market for Financing Petchem Projects

(Tuesday, June 25, 2019) 14:56

TEHRAN (NIPNA) -- An official with the National Petrochemical Company (NPC) said the state-run company was focused on the capital market for financing petrochemical projects in the country.

Speaking to NIPNA, Hossein Alimorad, the director of investment of NPC, said focusing on the capital market is one of the main options for financing in the petrochemical industry, which is possible with the support of the domestic banking system.

The official underlined the role of the capital market and domestic banks in supporting the petrochemical industry, adding: "A number of domestic banks have been instrumental in implementation of petrochemical development projects in the country.”

Referring to the role of the capital market in financing petrochemical projects, Alimorad added: “Focusing on the capital market and debt securities are the main options for financing in the petrochemical industry, which is not possible without the support of the banking system.”

He said: "With regard to the profit-making policies of banks, the only area that has always attracted the attractiveness of banks is the petrochemicals, as they are reliant on profitability and value."


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