petrotahlil-Financing Zanjan Urea and Ammonia Project by tapping the National Development Fund of Iran (NDFI) has started.

The finances will be used for purchasing the required equipment as well as engineering services for developing the project.

 This is the first phase of financing for the project after it was officially defined 11 years ago.

 The financing entails a letter of credit valued at €156.7 million, said Mohammad Reza Modiri, managing director of the plant.

 He further said that 80 percent of the amount would be supplied by the NDFI with Bank Melli Iran as the operating bank and the other 20 percent (31.3 million Euros) would be supplied from the company’s resources

petrotahlil-Financing Zanjan Urea and Ammonia Project by tapping the National Development Fund of Iran (NDFI) has started.

The finances will be used for purchasing the required equipment as well as engineering services for developing the project.

 This is the first phase of financing for the project after it was officially defined 11 years ago.

 The financing entails a letter of credit valued at €156.7 million, said Mohammad Reza Modiri, managing director of the plant.

 He further said that 80 percent of the amount would be supplied by the NDFI with Bank Melli Iran as the operating bank and the other 20 percent (31.3 million Euros) would be supplied from the company’s resources