The National Petrochemical Company has put financing from Bank Tejarat on its agenda to expedite the reconstruction of damaged units. Omid Shakouri, the CEO of this company, stated in a special meeting dedicated to examining financing methods for priority petrochemical industry projects that the reconstruction of these units is a national and essential matter.
Bank Tejarat's Financial Support Measures
Shakouri emphasized in this meeting that efforts have been made to support financing for reconstruction projects, and it has been requested that the supportive approach that Bank Tejarat has always had towards the petrochemical industry be applied to the reconstruction of damaged units as well. He added: "The launch of each of these projects as soon as possible is good news for the national economy and the petrochemical industry and can increase hope for the continuation of the country's development process."
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The CEO of the National Petrochemical Company expressed hope regarding the results of the agreements made in this meeting, stating that with the cooperation of Bank Tejarat's managers, it is expected that a significant portion of the financing challenges will be resolved in the next month or two.
Determining the Status of Financing Requests in One Month
Hadi Akhlaqi, the CEO of Bank Tejarat, also mentioned in this meeting that coordination has been made to support financing for damaged petrochemical companies, saying: "Companies must submit their requests for financing their repair and reconstruction needs to Bank Tejarat so that necessary actions can be taken to secure resources after review."
He stated that the financial needs of companies include two parts: foreign and domestic currency, adding: "Financing for foreign currency needs will be pursued from the National Development Fund, and requests related to domestic currency financing will be specifically provided to Bank Tejarat."
Akhlaqi also emphasized the need to expedite the processing of requests from petrochemical companies and stated that efforts will be made to resolve these requests within a month and to proceed with their financing according to a specific timetable.
Reconstruction Duration and Its Impact on Production Capacities
According to estimates, the reconstruction of many damaged projects will be completed within a timeframe of six months to one and a half years. The return of these units to production can help revive lost capacities and assist in meeting the country’s needs.
This meeting was held on Wednesday, November 6, with the presence of senior managers from the National Petrochemical Company, Bank Tejarat, and CEOs and senior managers of petrochemical companies. The goal of this meeting was to examine financing methods for priority projects, expedite the reconstruction of damaged units, and remove financial obstacles for projects nearing operation.
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