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Bank Saderat Finances 7 Major Petchem Projects

Bank Saderat Finances 7 Major Petchem Projects
(Tuesday, November 16, 2021) 16:36

TEHRAN (NIPNA) -- Bank Saderat Iran is pursuing its outstanding contribution to seven petrochemical companies.

According to the public relations of Bank Saderat Iran, the bank paid more than Rls. 4,000 billion in facilities and liabilities, €3 million, $2 million and over 2 billion yuan from domestic sources in recent years.

The bank has played a significant role in boosting the production of export products of the petrochemical industry and the development of production lines in seven major petrochemical companies.

Financing various large-scale national projects in the petrochemical industry in recent years, including methanol production in Assaluyeh, South Pars oil and gas development, establishing ethylene production unit, methanol production, supporting construction of ethane refinery and catalyst production units are among the important projects financed by Bank Saderat Iran.

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