TEHRAN Jan 12(NIPNA)--A Chinese company, Wuhan, has invested more than 10 billion dollars to development of a major petrochemical project in the southwestern city of Masjed Soleyman, managing-director of Masjed Soleyman Petrochemical Company said.

TEHRAN Jan 12(NIPNA)--Phase development project of Masjed Soleyman Petrochemical Plant is properly funded and will be completed as planned, a deputy head of National Petrochemical Company (NPC) said.

TEHRAN Jan 12(NIPNA)--Expansion of the petrochemical industry of the country is one of the pillars of the economy of resistance, said Mohsen Rezaei, secretary of the Expediency Council.

TEHRAN Jan 12(NIPNA)--Improvement of petrochemical infrastructure is a must for the development of the industry in Iran, an MP said.

TEHRAN Jan 12(NIPNA)--Construction of the Chinese-funded Masjed Soleyman Petrochemical Plant Phase 1 started in southwestern Iran on Sunday January 11, 2015.

TEHRAN Jan 12(NIPNA)--Efforts are being made to legally authorize the National Petrochemical Company (NPC) to directly invest in petrochemical projects through the next budget bill, said the NPC chief.