TEHRAN (NIPNA)--The petrochemical industry will be a lucrative industry in the future of Iran provided that timely investments are made in it, said Ebrahim Karkhaneh, MP.

TEHRAN (NIPNA)--Deputy head of National Petrochemical Company (NPC) says Damavand Petrochemical shall remain state-run for NPC to retain its influence in Assaluyeh, south of Iran.

The expenditure for global downstream asset maintenance is set to hit $322 billion between 2015 and 2019, up 12 per cent when compared to the previous five-year period, said a report.