Speaking in a gathering of petrochemical executives in the
northeastern city of Mashad, Hossein Alimorad, the director of investment at the
National Petrochemical Company (NPC), said on Tuesday that the were no concerns
for financing 27 projects that had been defined in the country in order to
realize the sector’s second leap by 2021.
“Besides, 26 other projects have been defined in the third petrochemical
leap of the industry which would require a total of $15 billion,” he said.
He said foreign financing, debt bonds, project funds,
stakeholder’s capital, and the National Development Fund of Iran (NDFI) are
some of the methods to be used for bankrolling the projects.
The official further said that the NDFI would be tapped for
$6b for financing the projects.