date : 15 October 2019

The sale record of IIRANOL Oil Co. will reach to sum of Rls. 35,000/- Billion this year

The Managing Director of IRANOL Oil Co. stated in Abadan that the sale record of IIRANOL Oil Co. would reach to sum of Rls. 35,000/- Billion this year

As per the report of Advertisement & Public Relations Dept. of IRANOL Oil Co., Mr. Eisa ESHAGHI stated in Directors & Official Council of IRANOL Oil Co. in Abadan that the sale record of IIRANOL Oil Co. would reach to sum of Rls. 35,000/- Billion this year compared to sum of Rls. 21,000/- Billion during last year

He added that the sale record of IRANOL Oil Co. with 70% increment approximately during the first six months of this year, has been increased from Rls. 8.000/- Billion in last year up to more that Rls. 14.000/-  Billion

He expressed that the amount of sale & interest of the company during the first six months of this year are more than total amount of sale & interest of the company during 2015

The Managing Director of IRANOL Oil Co. emphasized that the entire records of production, sale, exportation of engine oil, decrease of crude oil sale and interest have been broken in IRANOL Oil Co. during past six years and the last year was the most unique year for the company regarding the growth of most of indices and this year will be even more significant compared to the last year regarding some of aforesaid indices

Mr. Eshaghi considers some of actions such as implementation of 5 projects including execution of phase 1 & 2 of dewaxing unit, unification of prices of lubrication producing companies and leaving or planning properly for low-efficient investments of IRANOL Oil CO. as the appropriate actions which will be influential on sale and interest of the company

The Managing Director of IRANOL Oil Co. stated that the principal program would be of significant measures of the company mentioning that the activities at IRANOL Oil Co. are being carried out in accordance with the 8-year complied strategy of the year 2025 and the record of crude oil sale of base oil would reach to the minimum level as per the aforesaid strategy

Mr. Eshaghi emphasized that, 10 significant projects shall be implemented by the year 2021 according to the above-mentioned strategy, 5 projects of which have been implemented and the remaining 5 projects are in progress

He also stated that the completed projects such as implementation of the exportation terminal of IRANOL Oil Co. with 25.000/- Tons of resources' storage capacity, implementation of railroad in last month and shipment of exported products from Tehran Refinery to Mahshar exportation terminal through railroad, production of engine oil and renovation of Abadan Refinery after 36 years as well as cooling tower of Abadan Refinery after 70 years are of the significant projects completed

He also announced about the widespread producing and marketing new products of IRANOL Oil Co. at the high level of quality compared to the global standards during recent months and expressed that several new diesel & oil products would be marketing at the high level of quality during next months