Nearly 300M euros to be allocated for Kermanshah petchem company

Business Materials 22 October 2018 19:27 (UTC +04:00)

Baku, Azerbaijan, Oct. 22

By Elnur Baghishov - Trend:

The National Development Fund of Iran will allocate 287 million euros for the development of Kermanshah Petrochemical Industries Company, IRNA reported citing the head of the Organization of Industry, Mines and Trade of Kermanshah Mohsen Rostami.

"This money will be paid by a bank for the development of the company's carbamide and ammonia production," Rostami said.

Rostami added that the company itself will invest about $238 million in this project.

"It is the first time in Kermanshah that such a huge amount of money is allocated for a project," Rostami said.