Credit Line
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Russian dep. finance min.:
Europe credit line for Iran neither good nor bad
TEHRAN, Sep. 15 (MNA) – Sergei Anatolievich Storchak, Deputy Finance Minister of Russia. has said that EU credit line for Iran to salvage the nuclear deal needs to be a long-term contract to secure Iran’s interests.
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3 Russian banks open credit lines for Iran
TEHRAN, Jan. 02 (MNA) – Iranian Minister of Economic Affairs and Finance, Masoud Karbasian reassured that three Russian banks will provide Iranians with needed banking services, finance, and credit.
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Tehran, Beijing ink $10nb investment contract
TEHRAN, Sep. 15 (MNA) – Iran’s deputy economy minister said, within a 10-billion-dollar contract, China has allocated Lines of Credit (LOCs) to five Iranian banks.
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CBI governor:
Foreign banks to open €22bn LOC for Iran
TEHRAN, Aug. 30 (MNA) – CBI Governor Seif said Lines of Credit (LOCs) worth 22 billion euros will be allocated to Iran in the near future for implementation of various projects.
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Iran, S Korea seal largest foreign loan agreement
TEHRAN, Aug. 24 (MNA) – Iran’s Ministry of Economic Affairs and Finance inked the largest post-JCPOA foreign loan deal with South Korea’s Exim Bank on Thursday.
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Iran, India call for boosting credit lines
TEHRAN, Jun. 18 (MNA) – Economy ministers of Iran and India met in Seoul and examined ways to facilitate the use of credit lines.
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Economy min.:
Slovakia backs improvement of Iran’s credit rating
TEHRAN, Mar. 08 (MNA) – Iran’s Economy Minister said Slovakia, who enjoys Presidency of the Council of the European Union, has offered appropriate support to improve Iran’s credit risk ratings.
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Italy to reopen LOC to Iran’s utility industries
TEHRAN, Feb. 26 (MNA) – Iran’s energy minister announced that Italy has opened a Line of Credit (LOC) for its firms to make investment in Iran’s water and electricity industries.
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PetroChina to resume petchem activity in Iran
TEHRAN, Feb. 15 (MNA) – A fresh round of talks has kicked off with PetroChina Company Limited over resumption of cooperation in Iran’s petrochemical industry.
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Hungary’s Eximbank opens €85mn LOC to EDBI
TEHRAN, Feb. 10 (MNA) – At a meeting between Iranian and Hungarian banks, Export-Import Bank of the European country agreed to open an 85-million-euro Line of Credit (LOC) to Export Development Bank of Iran (EDBI).
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S Korea opens €100mn LOC for Iranian producers
TEHRAN, Feb. 04 (MNA) – EDBI head said South Korea had allocated a Line of Credit (LOC) worth 100 million euros for imports of raw materials manufactured in Iran.
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Czech to open $100mn LOC to Iran
TEHRAN, Feb. 01 (MNA) – Czech deputy FM has reported on opening a 100-million-dollar line of credit to support his country’s economic activists in trade ties with Iran.
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China opens 1st post-JCPOA LoC to Iran
TEHRAN, Jan. 10 (MNA) – Deputy Iranian oil minister said Chinese companies have opened the first Line of Credit (LoC) worth 1.3 billion dollars for new refinery projects.
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China finances 5 Iranian petchem projects
TEHRAN, Jan. 01 (MNA) – NPC managing director announced that five ongoing petrochemical projects, which are being implemented in Mahshahr, Asaluyeh and other regions, have received Chinese financing.