30 January 2022 - 17:42
  • News Code: 452592
Bank Mellat Fully Ready to Boost Oil Investment

TEHRAN (Shana) -- The CEO of Bank Mellat announced the bank's 100% readiness as an energy bank to enhance investment in oil industry projects in hard currency and Rials.

Reza Dolatabadi, stating that the oil industry is one of the most influential industries in the Iranian economy, told Shana: "Considering the capacities and high profits of investing in the oil industry, Bank Mellat hopes to cooperate with this industry in all its sectors."

Recalling Bank Mellat's €300 million investment in the Tabesh project (a pipeline for transporting petroleum products from Rafsanjan to Mashhad), he said: "Part of the resources of the Persian Gulf Star, Shazand Arak, Tehran Oil, Bandar Abbas Oil, Tabriz Oil, Abadan Oil and Lavan Oil refineries in recent years have been supplied through Bank Mellat.”

The CEO of the bank added: "Bank Mellat has always had the largest role and share in financing projects in the field of oil and energy, especially the super-projects of the oil industry, refining and distribution, gas and petrochemicals."

Dolatabadi estimated Bank Mellat's financial relations with the oil sector at about €18 billion, and said: "This bank has been responsible for financing dozens of projects in the past, and today a large part of these projects have been commissioned.”

News Code 452592

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