NPC Plans to Bankroll Petchem Projects Clear

NPC Plans to Bankroll Petchem Projects Clear
(Sunday, November 10, 2019) 18:53

TEHRAN (NIPNA) – An official with the National Petrochemical Company (NPC) said the company had clear plans for financing petrochemical projects in the second and third leap of the industry in Iran.

Speaking to NIPNA, Ali Mohammadi Bossaqzadeh, NPC’s director of projects, said that most of the projects were to be developed by petrochemical holding companies which were quoted in the stock market.

He said the projects would lead to a major transformation in the industry, adding that they would be profitable for the country as well.

The official said that the second leap of the industry would reach fruition by 2021, adding that the resources for financing the projects had been determined.

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