Bank to Boost Participation in Petchem Industry

Bank to Boost Participation in Petchem Industry
(Saturday, May 3, 2025) 09:14

TEHRAN (NIPNA) – The CEO of the Bank of Industry and Mine announced the bank's plan to increase its participation in petrochemical industry projects.

During a visit to the 7th Iran Export Capabilities Exhibition, Hassan Abbaszadeh, CEO of the National Petrochemical Company, met with Mahmoud Shayan, CEO of the Bank of Industry and Mine, and discussed expanding cooperation between the bank and the petrochemical sector. Abbaszadeh emphasized the need for financial support for projects and trade activities within the petrochemical industry and expressed a desire to activate more collaboration between the bank and petrochemical companies.

Shayan, reflecting on the importance of investment in industrial projects, highlighted the bank’s readiness to define new projects for increased participation in oil and petrochemical projects, in line with the motto of the year (Investment for Production). He added that with the introduction of digital banking and the expansion of virtual banking services, the bank aims to increase its activities and branches.

Abbaszadeh further emphasized the importance of synergy between the petrochemical industry and the Bank of Industry and Mine for fostering growth and development.

Additionally, during his visit to Hall 38 at the exhibition, Abbaszadeh also engaged in discussions with managers from Refah Kargaran Bank, Shahr Bank, and the Bank of Industry and Mine to exchange ideas on further collaboration.

The 7th Iran Expo, which began on April 28, will continue until May 2 at the Tehran International Exhibition Center. The exhibition aims to showcase the capabilities of Iranian companies in exporting goods, as well as technical and engineering services worldwide.

The achievements of the petrochemical industry were highlighted in four key areas: methanol, urea, chemicals, and polymers.

 


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