You can see the steps of issuing the substantive agreement on the website of the National Petrochemical Company in the Investment Management tab at https://nipc.ir/index.aspx?siteid=1&fkeyid=&siteid=1&&siteid=1&&siteid=107&pageid=3373.

Please download and view the brochure of investment opportunities by visiting the website of the National Petrochemical Company and clicking on the Investment Management tab at https://www.nipc.ir/index.aspx?fkeyid=&siteid=1&fkeyid=&siteid=1&fkeyid=&siteid=1&&siteid=1&&siteid=107&pageid=3372.

All upstream and mid-stream projects of the petrochemical industry that intend to produce chemical or petrochemical products using natural gas, ethane and propane feedstocks or other hydrocarbon feedstocks of oil, gas and petrochemical industries, as well as projects that use government resources in any way, or need the approval of the government (Ministry of Petroleum) to tap special resources and facilities, shall consider obtaining a substantive permit and approval to implement the project.

The first step is to send an investment request letter to the capital management department of the National Petrochemical Company and introduce the requested plan and refer to the address https://investapply.nipc.ir/account/login and upload the requested information and documents in the portal.

A list of information and documents required for uploading is located on the "Guide and Important Notes" login page.

If all the documents are not ready, in order to expedite the issuance process, the applicants should upload the part of the documents that are ready and the rest of the documents should be prepared and uploaded in coordination with the investment management experts during the licensing process.

If all the requested documents are prepared and submitted on time, the review of the documents submitted to the National Petrochemical Company is expected to take about 30 working days. It should be noted that the issuance of substantive agreement requires the receipt of responses to inquiries from other organizations and bodies. Obviously, the total time for issuing a substantive agreement is a function of the response time of other bodies.

At each stage of the project review, the results of the actions taken and the results of the reviews including the letter number and date and the results of the reviews are recorded by investment management experts in the investment system and sent to the applicant via SMS and email.

The applicant is obliged to take the necessary measures within the specified time period (validity period of the substantive agreement) in accordance with the obligations set forth in the agreement. Also, after issuance of the substantive agreement, it is necessary for the applicant to upload the substantive agreement of their project in the licenses section of the investment system of the National Petrochemical Company in order to be included in the list of licensed projects.

After sending and uploading, the information and documents of the project cannot be edited by the applicant, due to the need to review the documents and information by investment management experts. If there is a need to make any changes/corrections to the uploaded information and documents, this possibility is provided by contacting the project expert in the investment management and requesting re-access for change/correction by the applicant.

The user code can be retrieved by system experts (project expert in investment management) and password by the applicant.

Each applicant can enter the information of several projects with each profile, provided that the previous information has been sent and approved.

The uploaded information and documents will be reviewed by investment management experts and if not approved, a message regarding the information and documents that need to be corrected will be sent to the mobile number and email registered by the applicant.

The applicant does not need to send a paper copy of any of the information uploaded to the investment system. Just to ensure the registration and receipt of documents submitted to the capital management department, it is sufficient to announce completion and submission of the documents to the investment management in writing.