NPC Seeking Banking Facilities to Support Petchem Investors

(Sunday, October 13, 2019) 19:32

TEHRAN (NIPNA) -- An official with the National Petrochemical Company (NPC) said that the company was seeking to facilitate financing of developmental projects in the petrochemical industry with support from the banking system of the country.

Speaking to NIPNA, Hossein Alimorad, NPC’s director of investment, said NPC has many financing methods at its disposal and was pursuing various methods for facilitating investment in petrochemical projects in the country.

He said the company was focused on tapping local potentialities and capabilities in order to finance the projects.

Launching a project fund or a private investment fund are among the methods NPC considers for financing projects, he said.

Iranian petrochemical sector supplies 66 million tons of products annually.

By realization of the second and third leaps in the industry, the country’s petrochemical production capacity would reach 130 mt/y.

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لوگو- نیپنا

National Petrochemical Company