TEHRAN April 22(NIPNA)--The volume of the petrochemicals produced at Bustoun Petrochemical Plant are planned to hit 50,000 tons annually.

TEHRAN April 22(NIPNA)--Cooperation between petrochemical companies in Iraq and Iran's Khuzestan Province will expand, managing director of the Basra Petrochemical Company said upon a visit to the south western province of Khuzestan.

TEHRAN April 22(NIPNA)--The petrochemical industry, given its vast potentialities, can wean the country’s economy off petrodollars, said a senior MP.

TEHRAN April 22(NIPNA)--Foreign investments can blow new life to the development projects in Iran's petrochemical sector as sanctions relief on Tehran seems imminent given the major progress Iran and the six major powers have made in the nuclear talks, said a senior Iranian official.

TEHRAN April 22(NIPNA)--Some European countries have shown preparedness to return to Iran's petrochemical industry as hopes rise for removal of international sanctions against Tehran for its nuclear program, a deputy petroleum minister said.