The MoU was signed by Mohammad Shariatmadari, CEO of the PGPIC and Mohammadreza Fahmi, CEO of Tourism Bank.
Under the agreement, Tourism Bank will provide financing and credit facilities to manufacturers and suppliers of machinery, equipment, and components related to PGPIC’s operations.
The MoU also includes provisions for foreign finance credit lines, issuance of various types of guarantees, productive credit certificates, and bonds through the capital market, as well as financing of petrochemical projects.