date : 16 March 2019

Sales by IRANOL exceed 20,000 billions

The sales by IRANOL Oil Co. surpassed 20,000 billion IRR this year and set a new record for selling various engine oils in volumes and IRR

Public Relations and Advertisement reported that Mr. Eshaghi, managing director of IRANOL Oil Co. said during the last managers' council meeting of IRANOL Co. held on March 16^th by congratulating the birth of Imam Ali and the Men's Day and congratulating the new year in advance that the highest sale by IRANOL since establishment has been 13,000 billion IRR and by using our plans and policies we exceeded our sales with 20,000 billion IRR this year of which 80% were domestic sale

Mr. Eshaghi then referred to the market share of IRANOL and stated that the increase of sale of the final product improved the market share of IRANOL engine oil from 19% in 2014 to approximately 30% in 2018

He stated that: The most important strategy of the company is decreasing the sale of basic oil and increasing the sale of the final product which fortunately by executing this plan out sale of final products improved from 110 million liters in 2015 to approximately 170 million liters during the current year

He expressed that: During the current year our products (Super Ronia with SN quality level and W305 grade, Super Ronia Hybrid with SN quality level and W250 viscosity and Super Royal with SM quality level and W405 grade and "Motoro" motorcycle oil for four-stroke engines) have been distributed to the global market at the highest quality level which was received well and distribution of new products is in our agenda according to company strategies

Mr. Eshaghi also stated that: A system for identifying suppliers and contractors of IRANOL Oil Co. was launched and presented in February 2019 for the purpose of clarification, removing middlemen and documentation at www.iranol.ir and approximately 140 individuals has registered at the system so far

He acknowledged paying attention to HSE as one of the most important plans of the company and said: Fortunately our entire centers and refineries are now equipped with standard and modern cameras

The managing director of IRANOL Oil Co. stated that a full development at all sections is another plan for IRANOL and said: By 1400, 10 projects are planned in IRANOL and by utilizing these projects the company will reach a better position in its sale and profit generation

He named the utilization of the cooling tower of IRANOL refinery in Abadan, Mahshahr export terminal (25,000 tones tankers), railway for transferring the products from Tehran to Mahshahr as some of the projects already in utilization and said that other projects are being commenced

Managing director of IRANOL Oil Co. emphasized that: during the past 5 years and through our planning, we set the records for production, sale, exportation, profit and sale of final product since the inception of IRANOL