Speaking to NIPNA, Ali Mohammad Bossaqzadeh, director of projects at NPC, said that development mid-stream and downstream projects in Assaluyeh was considered as a strategy for NPC.

He said production of methanol would increase by 2021 in Iran, adding that completion of various phases of South Pars gas field had added to feedstock supply of petrochemical plants operating in the region.

Iran shares South Pars with Qatar in Persian Gulf waters.