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€122m in Damages for Petrochem Blaze

€122m in Damages for Petrochem Blaze €122m in Damages for Petrochem Blaze

Final estimations show that the massive blaze that engulfed the Bou Ali Petrochemical Complex in the southern Mahshahr Port, has caused about €122 million in damages, a person familiar with the matter said. “The €122 million or 5 trillion rials in damages that the complex has endured has been unprecedented,” the unidentified source was quoted as saying by Fars News Agency. In mid June it was announced that primary estimations showed that the damages were about €60 million. As the agent insurance company of the consortium that covers the huge industrial complex, Iran Insurance Company will foot 60% of the damage. The rest will be paid by a group of local insurance companies, namely Alborz, Dana, Asia, Mihan, Karafarin, Saman, Dey, Parsian, Mellat and Iran.

 

Financialtribune.com