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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Deputy Chairman of the Energy Commission: Arbitration of pricing of petrochemical ancillary services is the way to development

Deputy Chairman of the Energy Commission: Arbitration of pricing of petrochemical ancillary services is the way to development

The Deputy Chairman of the Energy Commission of the Islamic Consultative Assembly considered the transfer of arbitration in pricing ancillary services to the National Petrochemical Industries Company as an effective solution for further developing this industry, and said: Iran has a suitable capacity for expanding complementary petrochemical industries, and if it moves towards balanced development, significant benefits can be achieved.
Pricing arbitrage, an incentive to attract investment in petrochemicals

Pricing arbitrage, an incentive to attract investment in petrochemicals

The member of the Board of Directors of the Energy Commission of the Islamic Consultative Assembly, emphasizing the prominent role of the petrochemical industry in the development, job creation, and foreign exchange earning of the country, said: "Undoubtedly, determining the duties and arbitrating the pricing of petrochemical ancillary services will help attract investment in this industry."
The Ministry of Oil’s roadmap for attracting public and private investment

The Ministry of Oil’s roadmap for attracting public and private investment

By creating new financial instruments, establishing a guarantee fund, and opening the doors of participation to the private sector, the Ministry of Oil of the 14th government has drawn up a comprehensive plan to direct liquidity to the heart of the energy industry; a narrative of the transformation of oil governance that links national wealth to national capital.