Speaking to Shana, Marziyeh Shahdaei, who heads NPC, said the large amount of investment needed for funding the project is one of the reasons that project has not yet been sold out to private parties.
"Those petrochemical plants that are planned to be fed by the project have voiced dissatisfaction with the high price of its stocks," said Shahdaei, deputy petroleum minister in petrochemical affairs.
A consortium of three state-run and private Iranian banks will fund development projects at Damavand Petrochemical Plant.
Mellat, Tejarat and San'at va Madan banks have formed a consortium to financially support petrochemical projects at the plant to boost the country's industry and enhance its outcome.
It is fed by the gas supplied from the supergiant South Pars gas field.