Management of large oil and petrochemical companies in Iran, despite age restrictions in other fields, has not been significantly affected by the age of managers. While age and repayment ability are carefully examined for loan guarantees, in the oil and petrochemical industry, older managers easily occupy key positions.
Management Challenges in the Oil Industry
In many cases, managers who have reached the age of 70 are still active in key roles. For example, a 70-year-old who has recently retired may be appointed as a supervisor in the supply chain or as a CEO in one of the subsidiaries. This trend not only perpetuates power in the hands of previous generations but also creates challenges for the youth and the new generation.
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The New Generation and Management Opportunities
Despite the talents and abilities of the new generation, management opportunities in the oil and petrochemical industry are limited. It seems that management positions are somewhat recognized as family inheritances, and the new generation must work for years to reach these positions. This issue reflects a kind of imbalance in the distribution of job and management opportunities in this industry.
While the age of 65 may impose restrictions for loan guarantees, the question arises as to why such restrictions do not exist for management in large oil and petrochemical companies. This could lead to inefficiency and a lack of innovation in management, negatively impacting the oil and petrochemical industry in the long run.
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