BAKU, Azerbaijan, November 5. The revenues of Iran's Esfahan Oil Refining Company (EORC) increased by 357 percent, during the first six months of the current Iranian year (March 21 through September 22, 2022), compared to the same period last Iranian year, Executive Director of the EORC, Mohsen Ghaderi said, Trend reports citing Shana News Agency.
The director noted that in total, the company's revenue for 6 months amounted to 206 trillion rials (about $4.9 billion).
Ghaderi added that the main reason for the increase in the company’s revenues is the increase in the price of crude oil and related products.
Iran's Esfahan Oil Refining Company (EORC) was established in 1979. The company produces 12 million liters of gasoline per day following the Euro-5 standard, and 4 million liters of diesel in accordance with the Euro-4 and 5 standards. The company supplies about 23 percent of Iran's oil products.
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