Gov’t, investors work to resolve financial challenges in projects

SHANA (Tehran) – The deputy planning minister of petroleum emphasized the importance of collaboration between the government and investors to address financial challenges in projects, stating: "One-sided concessions are not feasible under current conditions, and full cooperation from both sides is essential to overcome obstacles."

Ahmad Zera’atkar, speaking during a visit to the Bushehr Petrochemical Complex, highlighted the significance of this national project, saying: "Despite numerous pressures and challenges, the development of the Bushehr Petrochemical Complex has become one of the country’s most successful financing projects through precise management and planning."

He noted that despite not receiving foreign financing in recent years, the project has made significant progress by relying on domestic capabilities and cooperation with allied countries. "There are some issues regarding debt repayment, but these are manageable and should not halt or hinder the project’s progress," he added.

The deputy minister acknowledged delays in certain sectors of the project but said efforts have been made to mitigate negative impacts and steer it back on track. "We hope that with cooperation from all sectors and a positive outlook, the challenges will gradually be resolved," he said.

Zera’atkar stressed the importance of mutual engagement in solving financial issues, reiterating that unilateral concessions are not viable and that comprehensive collaboration is necessary.

He also announced ongoing meetings to review and update the project’s financial plans, adding: "By carefully analyzing financial statements and improving transparency, we aim to propose practical solutions to accelerate repayment and advance the project."

News ID 659194

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