For Howeizeh Gas Refining, Petrofan provides a platform for forming collaborations that can transform the company’s future production, productivity, and technology.
Javanshir Sadeghi said during this visit: Phase two is designed to increase the refinery’s capacity and reduce the volume of flare gases from the West Karun fields.
the refinery’s entry into the Energy Exchange can help reduce intermediaries and lead to more realistic pricing while increasing the number of suppliers. It also strengthens the company’s position as an emerging player in the country’s gas value chain.
Howeizeh Persian Gulf Gas Refinery has approved a historic 20,000-fold capital increase, raising its registered capital from IRR 10 billion to IRR 200 trillion, as part of a comprehensive plan to restructure its finances, boost investment capacity, and stabilize revenues in the Iranian calendar year 1404.