Omid Shakri, Deputy Minister of Oil and CEO of the National Petrochemical Company of Iran, announced plans to secure the necessary financial resources for the reconstruction of war-damaged complexes and the completion of unfinished projects. He expressed hope that in the next two months, the process of implementing these projects will gain more momentum.
Priority for the reconstruction of damaged complexes
Shakri, in a joint meeting with managers of selected petrochemical companies and the CEO and managers of Bank Tejarat, identified the rapid reconstruction of units damaged during the imposed war as a main priority of the petrochemical industry. He emphasized that the return of these complexes to the production cycle is a national priority and a governmental obligation.
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He pointed out the necessity of utilizing all capacities to expedite the reconstruction process, stating: The National Petrochemical Company is striving to facilitate the swift return of damaged units to production using available tools.
Collaboration with Bank Tejarat for financing
Shakri also referred to previous negotiations with Bank Tejarat officials, stating: This bank has been asked to apply the special support it has always provided to the petrochemical industry in the area of reconstructing damaged complexes so that the financing and implementation of projects can proceed more swiftly.
The Deputy Minister of Oil identified another key focus of this meeting as reviewing the status of projects that are nearing the final stages of implementation but are largely facing delays or slow progress due to a lack of financial resources. He emphasized the importance of bringing these projects into the production cycle, adding: The launch of each of these units can be a hopeful news for the country's economy and its people, demonstrating that the country's industrial development continues robustly.
The CEO of the National Petrochemical Company, referring to the agreements made in the meeting with Bank Tejarat, said: Given the agreements reached and the commitment of the bank's managers to cooperate with the companies present at the meeting, we hope that a significant portion of the mentioned financial issues will be resolved within the next two months.
According to Shakri, this collaboration can provide a tangible acceleration in the implementation of reconstruction projects as well as the unfinished plans of the petrochemical industry. However, achieving this goal depends on the operationalization of financial agreements, timely resource provision, and the progress of project execution; an issue that will clarify the impact of banking support on the return of damaged capacities and the completion of stalled projects in the coming months.
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