Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Blast rocks one of Iran’s biggest and oldest refinery complexes

Last month, Iran became the ninth member of the Shanghai Cooperation Organisation which encompasses a vast stretch of the globe from Moscow to Beijing. (AFP)
  • The explosion was caused by the "bursting of one of the furnaces of the sulphur production unit of Abadan refinery", state news agency IRNA said.
  • The news agency described the plant as "the oldest refinery complex and one of the biggest in Iran", adding that it "supplies 25 percent of the country's fuel needs".

An explosion rocked a key oil refinery in Iran’s southwestern city of Abadan overnight, state media said Friday, reporting no casualties.

The explosion was caused by the “bursting of one of the furnaces of the sulphur production unit of Abadan refinery”, state news agency IRNA said.

The blast “did not cause any casualties”, it added, noting that production at the refinery was continuing as usual.

The news agency described the plant as “the oldest refinery complex and one of the biggest in Iran”, adding that it “supplies 25 percent of the country’s fuel needs”.

Industrial accidents are common in Iran, with a series of similar incidents occurring last year, including a large fire at an oil refinery in southern Tehran.

Some in the Islamic republic blame the incidents on Israel, while others consider US sanctions — which almost completely isolate Iran from the rest of the world, complicating the maintenance of industrial facilities — as a more likely cause.

A cyber attack last October halted all fuel distribution stations nationwide, prompting sharp responses from Iranian officials, who accused the United States and Israel of being behind the attack.

The city of Abadan in Khuzestan province was also the site of one the deadliest disasters in the country in years.

A 10-storey building that was under construction in the city collapsed on May 23, leading to the deaths of 43 people and sparking a series of demonstrations across the country accusing the authorities of corruption and incompetence.