Financial Tribune - Construction of petrochemical plants in the northern regions straddling the Caspian Sea is on the agenda of the National Petrochemical Company, managing director of the company said.

"Gilan, Mazandaran and Golestan provinces have access to abundance water, which makes them well-suited for petrochemical plants," Behzad Mohammadi was quoted by ILNA as saying.

Referring to the government's plans to diversify the key petrochem sector now largely concentrated in the south, he said building petrochemical infrastructure in the north will create jobs and lift the region's economy.