Iranol Sets Record for Last Fiscal Year
Iranol Sets Record for Last Fiscal Year
TEHRAN – The annual general meeting of Iranol Oil Company for the fiscal year, ended on March 28, was held at Labor Ministry Hall and the company posted unprecedented growth in all indices.

According to the public relations and advertising department of the company, the company had an amazing performance in the last fiscal year and it enjoyed growth in most of indices.


Almost 92 percent of the share-holders of the company were present in the meeting. The CEO of the company Eng. Issa Eshaqi in the meeting hailed the performance of the company and share-holders. He presented a report on the performance of the company in the past six years while he has been in charge of the company. He added that last year was the best year for Iranol Co. and the company increased its engine oil sale from 150m liters in 2017 to 170m liters last year. He added that the value of the Iranol sale has jumped from 13,000b to 21,000b rials last year and Iranol’s share from the market raised from 27 percent to over 30 percent.

Mr. Eshaqi said that the achievement is the result of boosting marketing and sale process, developing infrastructures of the company in compliance with the market demands, boosting organizational efficiency, adopting the policy of centralization for the market and completing the projects as well as developing infrastructures in line with demands like operationalizing the export terminal of Imam Khomeini port.

The general meeting announced dividend worth 2900b rials would be distributed among the share-holders.

  • source : IRAN NEWS