As development activities continue unabated in the Iranian upstream petrochemical industry, it has
become increasingly necessary to formulate a comprehensive program to support downstream sectors
which cover a wide spectrum of small and medium industries in a bid to expand output of petrochemical
chain thus stimulating further economic development.
In line with this objective, NPC has established the "Petrochemical Downstream Department" to support
the industries by guiding, assisting, supporting and attracting potential investors. The department
carries out its activities in collaboration with other respective bodies, utilizing the expertise and
capabilities of respective scientific, research and consultancy institutions. It aims to stimulate further
investment in the industries by attracting local and foreign investors as well as Iranian expatriates.
The department is part of the NPC's organization acting within the framework of decisions made by the NPC's
board of directors and its president. Its principal activities are to concentrate on providing investors in
the downstream petrochemical sectors with necessary guidance, consultancy and assistance. It also provides
downstream sectors and investors with required information.
To ensure that these goals are met, it performs the following activities:
Providing a list of prioritized products or production lines with special prominence
given to locally available feedstock.
Furnishing the description of services and a model contract for feasibility studies
Entering into contracts with qualified local and foreign engineering consultancy companies
for carrying out feasibility studies for the designed projects
Making feasibility studies available to interested investors.
Supplying information and answers to technical, economic, financial and marketing inquiries
Creating and expanding a data bank containing information sought by the investors and the downstream
industries projects and plants
All these services are offered free of charge.
Some of the department's objectives are as follows:
Studying, evaluating and selecting appropriate small and medium scale projects for the investment
of the private sector in petrochemical downstream industries
Conducting feasibility studies for selected projects making use of the technical expertise and
capabilities of both local and foreign engineering companies. Viable projects will be offered to respective applicants and
investors
Giving assistance for the provision of local and foreign hard currency required for implementing projects
through Hard Currency Reserve Fund and loans from domestic and foreign banks as well as other credit institutions.
Providing assistance and support to companies responsible for implementing the projects helping them to
remove potential problems
Technical cooperation with implementing companies from the beginning of the project to commissioning and operation
Supplying the required technical, economic, financial and marketing information to applicants
Identifying latent and semi-active downstream petrochemical projects with the collaboration of Ministry of Industries
and Mines to help solve their problems