Additionally, the extension system for preliminary approval of
petrochemical industry projects will become operational from the beginning of
the next year.
Speaking on the sidelines of the second session of the Capital Market Expert
Working Group, Nikouei stated, "Following the successful organization of
the first Financing and Investment Conference in the petrochemical industry,
which was well-received by capital market experts, the establishment of the
Petrochemical Industry Financing Clinic was initiated. Sessions are being held
to address the financial needs of ongoing petrochemical projects."
Nikouei elaborated, "Specialized and technical sessions are being
held to address the financial needs of petrochemical projects, with the aim of
resolving these issues. In this regard, three working groups have been formed,
one of which is the Capital Market Working Group."
"The petrochemical industry annually requires approximately $7
billion in capital for the development of its projects. While the capital
market alone cannot meet this figure, the active role of market participants
can pave the way forward. Market experts can present new ideas for attracting new
investments," Nikouei added.
Reflecting on the second session of the working group, Nikouei
remarked, "The discussion on capital mobilization from people's assets and
attracting domestic and foreign investments was brought up. The proposed idea
needs to be professionally and technically evaluated to proceed with its
implementation. Hopefully, we can finalize this matter in the next
session."
Nikouei also mentioned that two new ideas would be discussed in the
upcoming session. He expressed satisfaction with the constructive opinions and
perspectives presented by market experts for financing petrochemical projects,
emphasizing that collaboration between Iran's petrochemical industry and the
capital market can be highly effective.
"The new and innovative ideas presented in these sessions can
lead to the financing of petrochemical projects using novel methods,"
Nikouei concluded.