Oil Minister Says Kangan Petro-Refinery Complex is Profitable, Calls For More Investment

Oil Minister Says Kangan Petro-Refinery Complex is Profitable, Calls For More Investment
(Wednesday, January 7, 2026) 14:16

TEHRAN, Jan 5 (NIPNA) – Iran’s petroleum minister said the Kangan petro-refinery complex is among the country’s active and profitable facilities, adding that further investment is needed and efforts are under way to remove obstacles facing investors.

Mohsen Paknejad made the comments during a one-day visit to the energy hubs of Assaluyeh and Jam, Shana reported.

Paknejad said he inspected the South Pars Phase 13A offshore platform, which had been out of operation for nearly a decade after being struck by a vessel. Structural problems at the platform have now been resolved by engineers at Pars Oil and Gas Company, he said.

“Infield wells are currently being drilled and will gradually come on stream, which will strengthen upstream gas production,” the minister added.

Paknejad also referred to the reopening of a damaged processing train at the Fajr Jam gas refinery, which had been hit in June. The unit was returned to service within six months by the National Iranian Gas Company and the refinery’s workforce, he said, calling the achievement significant.

The restart has increased Iran’s gas processing capacity by around 13 million cubic metres per day, Paknejad said.

He added that reconstruction work on a damaged processing train at South Pars Phase 14 was also progressing well from a technical and operational standpoint and is expected to be completed within a short timeframe.

During the visit, Paknejad toured the Kangan petro-refinery complex, a subsidiary of the Ahdaf Investment Company, and said the facility was operating under favourable production conditions.

“While the complex is profitable and active, additional investment is required,” he said. “We are focusing on removing investment barriers to address existing challenges.”

 


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