Abadan Petrochemical Company: A 50-year legacy that went bankrupt

Abadan Petrochemical Company: A 50-year legacy that went bankrupt

Abadan Petrochemical, as the first petrochemical complex in Iran, is facing a paradox between “oldness” and “efficiency” today, on the eve of its sixth decade of operation. This company, which was once a symbol of Iran’s industrial modernity, is now struggling with structural challenges in the production chain and a food supply crisis, despite its 14 percent share in the country’s PVC supply; a situation that has tied the survival of this strategic unit to ownership reform and infrastructure modernization.

100,000 barrels increase in oil production in the oil-rich areas of the south; a big step towards the Seventh Plan

100,000 barrels increase in oil production in the oil-rich areas of the south; a big step towards the Seventh Plan

Within this framework, the southern oil-rich regions, by simultaneously focusing on maintaining production, developing fields, improving operational readiness, and increasing the resilience of facilities, were able to increase the average daily crude oil production by about 100,000 barrels in the operational scope of the Karun, Marun, Aghajari, Masjed Soliman, and Gachsaran oil and gas exploitation companies, while compensating for the natural decline in reservoirs; an increase that was the result of a series of field, technical, and managerial measures and highlights the decisive role of this company in the sustainable supply of energy to the country.

آخرین اخبار

Formation of a special working group for the development of CNG in the country

Formation of a special working group for the development of CNG in the country

The CEO of the National Oil Products Refining and Distribution Company, referring to the Ministry of Oil's planning to diversify the vehicle fuel portfolio and develop the CNG industry, said: "There are many challenges facing the CNG operators, which the Oil Ministry is trying to solve by solving these challenges and reforming the business model, in addition to Protecting the interests of stakeholders and guaranteeing the economy of incumbents will pave the way for the development of the CNG industry.
What effect does the escalation of tensions between Iran and Israel have on oil prices?

What effect does the escalation of tensions between Iran and Israel have on oil prices?

Analysts say, what is happening in the oil market today is a fire under the ashes. Although the decrease in concerns about the possibility of the Zionist regime attacking oil targets in Iran has reduced the excess risk rate these days and contributed to the drop in oil prices, it cannot last in the long term. What's more, the disruption in Iran's oil exports will make the oil market more risky.
How to solve the country’s gas imbalance?

How to solve the country’s gas imbalance?

A member of the Energy Commission of the Islamic Council said: In the current situation, the gas imbalance in the country should be minimized by attracting more investment and production, as well as storing and optimizing fuel consumption are two categories that neglecting them will intensify the imbalance.
From South Pars to our homes; Switch from gas to electricity

From South Pars to our homes; Switch from gas to electricity

Iran is facing a serious energy crisis on the eve of winter. The decrease in gas production in South Pars and the excessive increase in consumption have marked a dark future for the country. According to experts, the transition from a gas-based economy to an electricity-based economy is the only way out of this crisis.