Iran’s Tamin Petroleum & Petrochemical Investment Co. (TAPPICO) CEO Rouhollah Shahidi-Pour announced the launch of a one-year modernization project for Abadan Iranol lube oil plant, with an investment of about 10 trillion rials. The project aims to upgrade equipment, restore and improve refinery capacity.
He stated: “TAPPICO, which owns interests in Abadan Petrochemical, Iranol Plant, and Pasargad Oil, plans further investment and development projects in Khuzestan province focused on increasing production, modernization, and employment.”