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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Interpreting the OPEC+ nightmare in the Iran-US nuclear symphony

Interpreting the OPEC+ nightmare in the Iran-US nuclear symphony

OPEC+'s Nightmare Interpretation in the Iran-US Nuclear Symphony Oil and energy investors are anxiously watching the Tehran-Washington nuclear talks and preparing themselves for the major price shock the market will experience. On the other hand, the risk of a no-deal and a dream between Iran and the US also threatens the stability of global markets.
Historical record of fuel consumption in Nowruz

Historical record of fuel consumption in Nowruz

The head of the Faraj Traffic Police announced that in the Nowruz 1404 project, the historical record of fuel consumption was broken with 164 million liters on March 19, and traffic also increased by 5.5 percent compared to last year.
The need to attract investment in upstream oil and gas

The need to attract investment in upstream oil and gas

A member of the Energy Commission of the Islamic Consultative Assembly announced the event of transformation in investment and development in Iran's upstream oil and gas sector as an effective step in the year of investment for production, and said: "Introducing investment fields will provide the opportunity to attract capital in various fields of the oil and gas industry and upstream industries."