Esfahan Oil Refining Company (EORC) in its annual performance report ending in Esfand 1404 (March 2026),recorded a significant 50 percent growth in 12-month sales, reaching 836 trillion tomans.
The CEO of EORC, while explaining the latest status of the RHU project, stated that the first phase of this project is expected to be operational by early mid-2027.
The CEO of EORC emphasized the necessity of constructive and continuous interaction between this company and the Ministry of Industry, Mine and Trade, and called for facilitation, transparency, and acceleration in processes related to the provision and allocation of foreign currency.
One of the most important refinery projects in this area is flare gases recovery (FGR), which is being implemented with a budget of over 6.8 million euros and 520 billion rials. This project has so far achieved 85% physical progress and will be operational by the end of 2025
EORC presented part of its technical and engineering capabilities with a focus on “domestic-made achievements” and “provision of first-made parts and equipment.
Currently Esfahan Refinery’s products are exported to India, Mozambique, Qatar, Oman, Iraq, China, Turkey, Turkmenistan, Pakistan, the UAE, Afghanistan, Armenia, and Azerbaijan Republic. Among these, Afghanistan and Pakistan import the largest shares of the refinery’s products.