Iran’s Tehran Oil Refining Company to boost its capital
BAKU, Azerbaijan, September 22
By Elnur Baghishov – Trend:
Iran’s Tehran Oil Refining Company will increase its capital to 75 trillion rials (about $1.78 billion) in the current Iranian year (March 20, 2020 - March 21, 2021), Financial Director of the Tehran Oil Refining Company, Fereydoun Varshosaz said, Trend reports citing the company.
The director noted that six years ago (March 21, 2014-March 21, 2015) the company's capital amounted to 61 billion rials (about $1.45 million).
Varshosaz added that this increase was achieved due to several calculated decisions.
According to the director, each share of the company was 464 rials (about 0.1 cent) during the first 5 months of the current Iranian year (March 20-August 21, 2020).
The Tehran Oil Refining Company produces on average of about 7 million liters of gasoline per day, 5 million liters of white oil under the Euro 4 standard and 13 million liters of diesel under the Euro 4 standard and other oil products (vacuum bottom, solvent, liquid nitrogen and so on).