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Tripartite agreement on modernization of oil transporting vehicles signed in Iran

Business Materials 6 January 2020 11:41 (UTC +04:00)
Tripartite agreement on modernization of oil transporting vehicles signed in Iran

BAKU, Azerbaijan, Jan. 6

By Elnur Baghishov - Trend:

National Iranian Oil Products Distribution Company, Iranian Tejarat Bank and Mammut Industrial Group signed an agreement, Trend reports on Jan. 6 referring to the National Iranian Oil Products Distribution Company’s website.

In accordance with the agreement, vehicles for the transportation of oil products will be modernized.

The document was signed by Executive Director of the National Iranian Oil Products Distribution Company Amir Vakilzadeh, Executive Director of Tejarat Bank Reza Dowlatabadi and Chairman of the Board of Mammut Industrial Group Mehrzad Ferdows.

“The agreement is aimed at improving the safety of vehicles transporting oil products,” Vakilzadeh said at the signing ceremony.

In accordance with the agreement, the Mammut Industrial Group will modernize the vehicles for the National Iranian Oil Products Distribution Company, and the Iranian Tejarat Bank will allocate the funds in the form of a loan for the modernization of the vehicles.

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