Baku, Azerbaijan, Feb. 16
By Elnur Baghishov – Trend:
The Central Bank of Iran hopes that banks will provide funds for Iran's major industrial projects, as stated by the Governor of the Central Bank Abdolnaser Hemmati while visiting the Kordestan Petrochemical Plant, Trend reports referring to IRNA.
According to him, if banks provide funds for large projects, such as the Kordestan Petrochemical Plant, this will facilitate production growth, along with opening of new workplaces.
He added that the Central Bank of Iran attaches great importance to the financing of projects and the creation of jobs in the Kordestan Province.
Iran’s Kordestan Petrochemical Plant was commissioned with 14.1 trillion rials (app. $336 million) worth of domestic and foreign investments in April 2017. The facility employs 700 people.
The plant has an annual production capacity of 300,000 tons of light polyethylene.