Banking and insuranceEconomical

Increasing cooperation between Persian Gulf Petrochemical Industries Group and Bank Saderat

The CEO of the Persian Gulf Petrochemical Industries Group announced;

According to Monetary News, Ali Asgari, CEO of Persian Gulf Petrochemical Industries Group, called the financing of 14 projects being implemented by the group as well as the planned projects to complete the value chain and downstream industries an important priority of the group and the development of cooperation with Bank Saderat. Iran welcomed especially in the field of currency.

According to the public relations of the Persian Gulf Petrochemical Industries Group, Seyed Zia Imani, CEO and some senior managers of Bank Saderat, met with Ali Askari.

In this meeting, the CEO of Bank Saderat, referring to the various capacities of this bank in the West Asian region and the past positive interactions between this bank and the Persian Gulf Petrochemical Industries Group, announced its readiness to increase foreign exchange and Rial cooperation.

Hossein Panahian, Deputy Minister of Finance and Investment of the Persian Gulf Petrochemical Industries Group, also called for the development of mutual cooperation, referring to the agreement of 20,000 billion Tomans in Rial credit and 180 million dollars in foreign currency credit.

Ali Askari also emphasized on the implementation of 14 important projects of this group worth approximately 15 billion dollars as soon as possible, as well as the implementation of the new project of Fadak Petrochemical Technology Park in Assaluyeh and downstream projects and completion of value chain in different provinces. Faster and with a high standard, these development projects need financing, which is our priority today.

The CEO of the Persian Gulf Petrochemical Industries Group stated: “Our cooperation with the banking system will not be limited to financing, but we invite them to invest in the group’s profitable projects.”

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