TEHRAN (NIPNA) -- The managing director of Fanavaran Petrochemical Company said the plant has planned to construct a $1.5 billion Petro-Olefin project.

TEHRAN (NIPNA) --Iran's Parsian Oil & Gas Development Group Co. (PODGC) is in talks with a Japanese company for receiving the technical savvy for production of ethylene glycol from natural gas, PODGC director said.