While refineries around the world have achieved a high level of complexity by relying on new technologies and extensive investments, Iranian refineries are still significantly behind global standards. Morteza Behrouzifar, an energy expert, says that our problem is not just a lack of capital; even if we assume that we have sufficient financial resources to implement projects, there is still no possibility of serious upgrading of refineries due to limited access to modern technology and equipment.
Refining industry experts warn that government intervention in pricing special products threatens the future profitability of refineries. According to refining industry expert Mehdi Mohseni, experience has shown that mandated pricing not only suppresses production, but also erodes industries' profit margins and creates the basis for rents.
Refining expert Mehdi Mohseni, referring to the global energy transition trend, emphasizes that developing and building new refineries without improving the demand side will not lead anywhere. In his opinion, the main solution is to increase the complexity factor and create additional units in existing refineries.
The Minister of Oil said: All common fields have been assigned assignments.
In a letter to the Minister of Oil, the head of the stock exchange organization requested to amend the pricing instructions for oil feed and products of refining companies.
The net profit of all listed refineries in terms of Nima dollars has decreased in the first 9 months of this year compared to the same period last year.
Tehran and Tabriz refineries topped the list of Iran's best-selling refineries, but Lavan and Shiraz experienced a decrease in sales this month.