At the extraordinary general assembly of Esfahan Oil Refining Company (EORC), the company’s 19% capital increase was approved by the board of directors and shareholders. Under the resolution, the company’s capital increased from IRR 526,820,000,000,000 to IRR 627,234,213,000,000 (equivalent to 19.06%). The purpose of the capital increase is to provide the financing required to implement projects, including the desulfurization project for the residue of the RHU unit’s distillation towers, using 40% of the undistributed profit for 2024 in the legal reserve and development project account.
Production Sustainability Under Critical Conditions and Setting a New Record
Gholamreza Bagheri Dizaj, the company’s CEO, referred at the assembly to last year’s critical conditions and the crises caused by war and restrictions, announcing the continuous sustainability of production and preservation of the refinery’s capacity. He stated that despite major maintenance and wartime crises, we had managed to raise production capacity to a new record.
He added: In 2025, gasoline production reached 12.6 million liters per day, representing a significant increase compared with previous years. Diesel production also exceeded 25 million liters per day during this period, indicating a considerable improvement in operational performance and an increase in refinery capacity.
Progress on Major Projects and Improvement of Product Quality
The CEO then referred to the company’s key projects currently underway, including improving the quality of fuel oil and heavy products.
Development Outlook and Production Capacity Increase
At the end of the meeting, the CEO of EORC, emphasizing the company’s long-term goals to increase production and improve product quality, stated: The approved capital increase is viewed as support for accelerating the implementation of these projects and achieving the company’s strategic objectives.
