Persian Gulf Petrochemical Industries’ support for domestic investments and projects

According to Energy Press, citing Persian Gulf Petrochemical Industries Company, this cooperation agreement was signed yesterday (Saturday, May 10) on the sidelines of the 29th International Oil, Gas, Refining and Petrochemical Exhibition between Mohammad Shariatmadari, CEO of Persian Gulf Petrochemical Industries Company, and Hamid Heydari, CEO of the Oil Industry Research and Technology Fund.
The purpose of signing this cooperation agreement is to provide services related to financing from the Oil Industry Research and Technology Fund to Persian Gulf Petrochemical Industries Company up to a ceiling of 25 trillion rials through efforts to issue special investment certificates of deposit in the country’s banking network and 10 trillion rials of working capital facilities, including assessing financial needs, identifying and introducing, negotiating, preparing and compiling a business plan, and following up on agreements up to the stage of concluding a bond issuance contract.