South Pars project pending action by implementing companies to secure financial facilities

According to Energy Press, Alireza Saleh, Deputy Director of the National Development Fund, in response to the suspicion of non-payment of financial resources to the companies implementing the pressure boosting project in the South Pars gas field, said: Companies must apply through the agent bank to receive financial resources.
Referring to the division of the pressure boosting project into 14 sectors, he stated: It was decided that each sector (hub) will submit its credit certificate to the agent bank and pursue the financing process through this bank based on the agency agreement.
Saleh continued: The companies involved in the project have not yet taken the necessary steps to submit an application to the agent bank. In fact, the project must first be approved by the agent bank and then the National Development Fund can enter the financing process.