The huge oil and gas reserves in the Persian Gulf, whose major part are in Iran’s territorial waters under the name of South Pars Gas field, drawn the attention of the country's officials in the oil and petroleum industry, particularly Iran’s National Petrochemical Company (NPC), to focus on restoring these resources and investing in this offshore field. Therefore, the construction of 17 petrochemical complexes in the field was put on Iran Oil Ministry's agenda. Consequently, petrochemical companies were broadly offered to the private sector by NPC.

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