TEHRAN June 21(Shana)--Iran's National Petrochemical Company (NPC) has agreed to offer up to 30% discounts on the feedstock supplied to petrochemical plants in remote regions of the country, the company's chief said.

Abbas Shari-Moqaddam said the pricing formula of feedstock to petrochemicals is nearly finalized and will be promulgated in the near future.

He said there will be no differences in the prices for all the country's petrochemical plants except for those located in remote areas which will enjoy up to 30% discounts for operating in relatively harsh conditions.

"The prices will be the same for Iranian and foreign investors," said Shari-Moqaddam, who is also deputy petroleum minister in petrochemical affairs.

Iran is eyeing a major leap in its petrochemical output given the fact that several massive petrochemical projects will come on-stream by the end of the current calendar year to March 2016.

Besides, several new phases of the giant South Pars gas field will come online this year which will provide new feedstock resources for petrochemical plants, added the official.

"The steady feedstock supply for the country's petrochemical sector can revolutionize the industry; there are no worries as to the supply of gas from phases 12, 15, 16, 17 and 18 of the South Pars to petrochemical plants and National Iranian Oil Company has promised to deliver 700,000t of ethane to the plants by the end of the current year," recently said Shari-Moqaddam.

By SHANA