Implementation of development plans to provide stable income for oil industry retirees

According to Energy Press, the pension fund of the oil industry is responsible for providing the necessary resources to pay the salaries and pensions of the pensioners of this industry. Therefore, he is a shareholder of some companies to earn the necessary income from their profits.
Naft G is one of the subsidiary companies of this fund, which has tried to increase its operating profit by implementing various plans and increasing the production of bitumen as the main product.
The statistics show that the profit of the J Oil Refining Company from the production companies under the Oil Industry Pension Fund has grown significantly in the first half of this year compared to the same period last year in order to realize the “production leap with people’s participation”.
In an interview with Shana reporter, Mahmoud Nikosakhn, the CEO of Naft J Refinery Company, explaining the increase in the company’s profit, said: the significant growth in the company’s profit is the result of the increase in bitumen production, the effort to receive the allocation of vacuum baton clearing based on the 2023 budget and the production of new products from bitumen.