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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$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis

$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis

During a ceremony to address the gas imbalance crisis, the National Petrochemical Company and Zagros Petrochemical Company signed a memorandum of understanding. The aim of this memorandum is to reduce gas consumption by 10 percent in the domestic and commercial sectors and increase the share of gas allocated to the petrochemical industry, which could lead to increased production and foreign exchange earnings. This is while the petrochemical industry is facing challenges such as gas outages at 12 petrochemical plants and feed shortages.
Gas consumption increases at the end of the week

Gas consumption increases at the end of the week

The Deputy Minister of Oil for Gas Affairs said: "According to the predictions made on Thursday and Friday this week, gas consumption will peak, which shows the need for consumption management."