BAKU, Azerbaijan, May 6
By Elnur Baghishov - Trend:
The investments of Iran's Esfahan Oil Refining Company (EORC) increased from 20 trillion rials (about $476 million) to 51 trillion rials (about $1.21 billion) last Iranian year (from March 21, 2019 to March 20, 2020), said the CEO of EORC Morteza Ebrahimi, Trend reports citing the company’s official website.
According to Ebrahimi, in 2015, the company's properties were valued at 22 trillion rials (about $523 million), but now this figure has since reached 67 trillion rials (about $1.59 billion).
Ebrahimi added that these funds were spent on investment plans and led to an increase in the company's capital.
Elsewhere, Ebrahimi said that about 2 million liters of 22 million liters of diesel produced at the refinery per day meet the Euro-5 standard," he said.
The official said that with the commissioning of the diesel refining phase at the refinery by the end of this Iranian year (started from March 20, 2020), the quality of all the manufactured diesel will meet the mentioned standard.
EORC was established in 1979. At present, the company processes more than 375,000 barrels of oil per day. The company accounts for about 23 percent of Iran's oil products.