Bandar Abbas Oil Refinery's 12-Day Sacrifice: Leap in Production and Petro-Refining

CEO Ahmad Hashemi highlights refinery's resilience during war, new projects for Group II & III base oils, and €200M propylene investment advancing Iran's petro-refining industry.
By: Titrsanat News Agency
 
TEHRAN, Iran - Sept. 2, 2025 - PRLog -- Ahmad Hashemi, CEO of Bandar Abbas Oil Refinery, announced in a press conference that during the 12-day imposed war, the country's fuel supply remained uninterrupted, with the refinery playing a vital role. Alongside this resilience, the refinery is advancing a leap in production and executing key petro-refining projects, including upgrading heavy product quality and producing Group II and III base oils, to reduce imports and strengthen domestic capacity.

The heavy product upgrade project is being implemented in three phases: upgrading processing units, expanding auxiliary units, and producing Group II and III base oils. In its first year, the project will deliver 200,000–250,000 tons of product.

Hashemi also revealed a strategic shift from coking to propylene production. With an investment of €100–200 million, this national project will produce 400,000 tons of propylene, raising the refinery's complexity index above 12% and transforming Bandar Abbas into one of the country's most advanced petro-refineries.

Another milestone is the refinery's connection to the Goreh–Jask pipeline, cutting transportation costs by 50% and boosting daily crude intake to 340,000 barrels. Financially, the refinery reported an operating profit of 170 trillion rials in Q1 2025, marking 80% growth compared to last year.

In social responsibility, Bandar Abbas Refinery has allocated over 45 trillion rials in 2025 to sports, education, and healthcare, including launching a futsal league and establishing a local educational institute.

Hashemi emphasized the refinery's path toward profitability and sustainable growth, with projects such as a sulfur park creating new jobs and boosting production. He credited these achievements to the dedication of refinery staff and comprehensive support, underscoring continued commitment to modern, domestic-driven strategies.

News Link: https://titrsanat.ir/?p=16830

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Source:Titrsanat News Agency
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Tags:Petrochemical Projects Iran
Industry:Energy
Location:Tehran - Tehran - Iran
Subject:Reports
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