Bandar Imam becomes the giant of Iran’s petrochemical paper projects

Bandar Imam becomes the giant of Iran’s petrochemical paper projects

Bandar Imam Petrochemical, the beating heart of the downstream chain of Iran's petrochemical industry, is currently facing a $1.4 billion project; a project that, in relation to the company's 8 trillion tomans profit, has raised serious questions about the economic logic, financing method, and the silence of Persian Gulf Holding.

harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies

harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies

The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.

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China becomes self-sufficient in propylene production with Iranian methanol

China becomes self-sufficient in propylene production with Iranian methanol

Iran exports millions of tons of methanol to China annually at a meager profit, while the country has created hundreds of times more value added by converting the same methanol into propylene, the “petrochemical caviar,” and has achieved 96 percent self-sufficiency in propylene production. An opportunity that Iran could have used to complete its petrochemical value chain by investing in domestic MTP units and move from selling crude to creating sustainable wealth.
Pazan Square became Iran’s largest onshore gas field

Pazan Square became Iran’s largest onshore gas field

Announcing the discovery of two petroleum and oil tanks in Pazan Square by the Minister of Petroleum, the director of the National Iranian Oil Company's exploration company, with the new volume, described the square as Iran's largest landfill field.
From Maroon Petrochemical’s Failed Experience Downstream to the Mist of Oblivion on the Propylene Chain

From Maroon Petrochemical’s Failed Experience Downstream to the Mist of Oblivion on the Propylene Chain

Energy expert Mustafa Saeedi, referring to Maroon Petrochemical's failed experience in entering downstream industries, emphasized that entering fields that are mainly carried out by small and medium-sized enterprises with teams of 20 to 30 people is harmful for petrochemicals. He criticized the neglect in developing the propylene chain and warned that the continuation of this trend will exacerbate dependence on imports of intermediate and final products.