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.

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Tavakoli: $42 billion investment is projected for the gas industry

Tavakoli: $42 billion investment is projected for the gas industry

He pointed out that the National Iranian Gas Company has taken effective steps today towards efficiency and optimization of energy consumption, adding: "Among the projects implemented in this regard is the pilot of Karvar companies in seven provinces of the country, which, according to predictions, will lead to an increase in energy efficiency of more than 10 percent."
The economic value of gas extracted from South Pars exceeded $520 billion

The economic value of gas extracted from South Pars exceeded $520 billion

The South Pars gas field, which supplies 70 percent of the country's gas, has entered a natural pressure drop phase. Implementing a pressure-boosting plan with the aim of maintaining production, preventing gas migration to Qatar, and increasing the recovery rate is a vital step in managing the country's gas balance.