Iran is seeking investment to undertake a total of 25 new petrochemical projects, according to an official at the state-run National Petrochemical Company (NPC).

The NPC is proposing joint or individual investment in implementing the projects, Farnaz Alavi, NPC's director for planning and development, was quoted as saying in an Iran Daily News report, citing Shana.

Alavi added that the supply of feedstock for five more projects is also under study.

In July, the official told Shana that $32 billion in foreign investment was needed to build 28 petrochemical projects.

The projects include factories to produce ammonia and urea, as well as gas-to-olefins (GTO) and gas-to-propylene (GTP) plants, added the report.