Process of issuing license for implementing petrochemical plants

First step: Submitting letter of intent and required documents to NPC's Investment Directorate

- Certified copies of the applicant company's original documents including articles of association and other legal documents.
- Financial statements of the investor company
- Relevant executive records of the investor's activities in similar plants
- Preliminary Business Plan and Feasibility Study Report for the plant
- Finance Package plan

Second step:  Evaluation of the plant and verifying the investor's technical and financial qualifications

- Verification of investor's legal qualifications.
- Evaluation of Preliminary Business Plan and Feasibility Study
- Investigating possibility of feedstock's allocation
- Confirming investor's  financial capability
- Confirming investor's technical and executive capabilities
- Enquiring necessary documents from the relevant ministries and institutions

Third step: Acquiring the confirmation of NPC's Board of Directors and issuing the license for implementing petrochemical project

- Submitting the results of evaluations to NPC's  Board of Directors
- Announcing the NPC's Board of Directors' approval to the Planning Deputy of Oil Ministry
- Issuing the license for implementing  the project by the Planning Deputy of Oil Ministry