Bank Allots 40% of Resources to Oil, Energy Projects

Speaking to Shana on the sidelines of the Press Exhibition in Tehran, he said the bank has been entrusted the National Development Fund of Iran. 

He said the bank is pretty much engaged in financing of oil and gas projects in Iran. 

He said 800 million dollars of the NDFI resources have been deposited in the bank, adding the resources have been earmarked for funding development projects of the fields Iran share with its neighbors. 

Saleh Abadi further said the bank is also active in petrochemical projects and has invested €2.2b in Bushehr petrochemical project. 

Once operational, the project will add over $3b to the country’s non-oil export revenues. 

Gachsaran and Salman Farsi petrochemical projects are other projects the bank is planning to invest in, he further added.