Dr. Akhlaqi, the CEO of Tejarat Bank, emphasized the bank's readiness to assist in accelerating the reconstruction of damaged units and priority projects in the petrochemical industry during a meeting with the Deputy Minister of Oil and the CEO of the National Petrochemical Company. He stated that financing for foreign currency needs will be approved and pursued from the National Development Fund.
Financing for Damaged Projects
In a special meeting held to examine financing methods for priority projects in the petrochemical industry and reconstruction projects, Dr. Akhlaqi stated that companies should submit their requests for financing needs for repairs and reconstruction to Tejarat Bank. After reviewing these requests, necessary actions will be taken to secure the required resources.
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The CEO of Tejarat Bank also added that part of the companies' financial needs is in foreign currency and another part is in domestic currency. With the arrangements made, financing for foreign currency needs will be carried out from the National Development Fund, and requests related to financing in domestic currency will also be reviewed and approved.
Accelerating the Processing of Requests
Dr. Akhlaqi stressed the necessity of expediting the processing of requests from petrochemical companies and stated: "We aim to resolve the submitted requests within a month, and their financing will proceed according to a specific timeline." He also referred to the time required for the reconstruction of damaged units and said: "Estimates indicate that the reconstruction of many of these projects will be completed within a timeframe of six months to one and a half years, and the return of these units to production can restore a significant portion of the lost capacities."
Omid Shakri, the Deputy Minister of Oil, also emphasized the necessity of quickly returning damaged units to production, considering the reconstruction of these units a national priority, and said: "The National Petrochemical Company is working to facilitate the reconstruction and faster revival of these units with all available capacities and tools."
He also referred to the status of projects that are nearing the final stages of implementation but are facing delays or slow progress due to a lack of financial resources. Shakri continued: "The launch of each of these projects as soon as possible would be good news for the national economy and the petrochemical industry and could increase hope for the continuation of the country's development process."
At the end of this meeting, Dr. Akhlaqi expressed hope for the results of the agreements made, stating that with the cooperation and commitment of Tejarat Bank's managers, he hopes that a significant portion of the mentioned financial problems will be resolved in the next month or two, and the implementation of reconstruction projects and the launch of ongoing petrochemical industry projects will accelerate.
This meeting was attended by Reza Bozorg, Ebrahim Behzadiania, and Rouhollah Gholami, deputy CEOs of Tejarat Bank, Mokhtari, the manager of corporate banking, and senior managers of the National Petrochemical Company to review financing methods for priority projects and expedite the reconstruction of damaged units.
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