date : 2 September 2020

Counsel meeting of directors and deputies of Iranol Oil Company, convened

The counsel meeting of the directors and deputies of Iranol Oil company was held on Wednesday, Sept. 02, 2020, presided by Mr. Razzaghi, managing director, with the presence of the counsel members at Tehran refinery

The public relations and advertisement office reports that after commencement, Mr. Razzaghi, managing director of Iranol presented a report on the production and sales of the company during the first 5 months of the current year and stated: Iranol was able to record a 11% growth of production and 19% growth of sales in the first 5 months of this year compared to the same period of last year.

Then he reported on the exportation status of Iranol and stated: We were successful in exportation and increased it by 31% during this period.

Mr. Razzaghi then reported on the actions taken and the status of the projects underway and requested all managers to make every effort to realize these action and provide their collaboration in all fields.

Then, in consideration of the economic conditions of Iran, stressed on maintaining Iranol’s market share and increasing it.

During the meeting, the resolutions of the previous meeting of the counsel were followed up and the deputies and directors of various offices reported on their actions and plans and the problems facing their units.

It should be added that the meeting was attended by Mr. Razzaghi, managing director, Ghasemi, financial and support deputy and board member, Mojtahedi, deputy of production and utilization and board member, Azimi, deputy of sales plus other directors in order to increase coordination between the units and uniformity between the future plans of the company. The production and sales meeting was also held with the presence of members in order to review the future production and sales plans of the company.