The ammonia and Urea Petrochemical Project located in the South Pars Special Economic Zone (Phase 2 Petrochemical Projects) is under construction, the ammonia production capacity of this company is 726 thousand tons and its urea production capacity is 1 million and 155 thousand tons per year. The contract for the purchase of the license and the basic engineering package for the ammonia unit with a capacity of 2200 tons per day was concluded with Haldertapso Company of Denmark, and in November of the same year, the contract for the purchase of the license and the basic engineering package for the urea unit with the capacity of 3250 tons per day was concluded with the Italian company Saipem. The EPC contract was also concluded with Petrochemical Industries Design and Engineering Company (Pidek) in June 2018, in October of the same year, due to political pressure, Saipam unilaterally canceled the license purchase contract and basic engineering of the urea unit and terminated all its cooperation with Iran. stopped Popok Indonesia, which was initially in charge of the implementation of the project, did not provide any other funds except the initial capital for the establishment of the company due to political pressures, and in 2012, it demanded a 50% reduction in its participation. Following this request, an assembly meeting was held to increase the company's capital from 20 billion Rials to 1500 billion Rials, and due to Popok's non-participation in the capital increase, the shares of this company decreased to about 5%. Due to financing limitations, it was decided at the beginning of 2015 that the implementation activities of the project should be pursued with the priority of completing the ammonia unit, and the project was defined in two phases. With the increase of the second capital from 1500 billion Rials to 3000 billion Rials and the transfer of ownership shares from N. P. C International to the Persian Gulf Holding Company, this holding company took ownership of about 7.98% of the shares of Hengam Petrochemical Company. In the last increase of capital of Hamang Petrochemical Company in 2016, the capital of the company increased from 3000 billion Rials to 6000 billion Rials. With this capital increase, the Persian Gulf Holding Company owned about 32.99% of the shares of Hamang Petrochemical Company, until in 2018, during an auction, these shares were transferred to Nouri Petrochemical Company, and in 2019, this action was implemented in order to progress and finance this project.