TEHRAN April 08(NIPNA)--Sanctions relief can play a serious role in attracting new investments to develop the petrochemical sector of the country, said Hussein Salimi, board member of Iran's Chamber of Commerce.

TEHRAN April 08(NIPNA)--Iran's ministries of petroleum and industry are resolved to cooperate in raising the level of petrochemicals exports of the country, said a senior official with the ministry of industry.

TEHRAN April 08(NIPNA)--Iran earned more than 14 billion dollars by exporting petrochemicals to international markets.

TEHRAN April 08(NIPNA)--The second phase of West Ethylene Pipeline, 585 kilometers long, is being prepared for startup, said a senior official with the National Petrochemical Company (NPC).

TEHRAN April 08(NIPNA)--Iran's petrochemical output hit 44.4 million tons during the previous Iranian calendar year which ended on March 20, a senior petrochemical official said.

TEHRAN April 08(NIPNA)--Iran's National Petrochemical Company (NPC) will be prepared to make major developments in the petrochemical sector once domestic and foreign investors flock the industry after Iran finalizes a historic nuclear accord with the P5+1 group, said the NPC chief.

TEHRAN April 08(NIPNA)--New developments are expected in the petrochemical projects in phase 2 of Asaluyeh, south of Iran, within the next few months, said Petroleum Minister Bijan Namdar Zangeneh.