17 December 2014 - 11:45
  • News ID: 231126
Banks to Finance Petchem Plant

TEHRAN Dec 17 (Shana)--A consortium of three Iranian banks will finance projects envisaged by Damavand Petrochemical Plant.

A gathering was held here in Tehran on Tuesday December 16, 2014 with managing director of the National Petrochemical Company (NPC) Abbas Sheri-Moqaddam in attendance with representatives of the Mellat, Tejarat and Industry and Mine banks to discuss the financing.

Mellat bank will act as the chief financer of the petrochemical plant. 

The plant is fed by gas supplied from the South Pars gas field and is one of Iran's major utilities provider (water, electricity, oxygen, nitrogen, steam, natural gas and pressed air).

It is planned to launch new air, water, power, pressure reduction, waste water treatment and incinerator units for its development and needs private sector financing.

News ID 231126

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