Iran's Esfahan Oil Refining Company (EORC) will launch a new diesel plant within the next month, Executive Director of the EORC, Mohsen Ghaderi told reporters, Trend reports citing IRNA.
The director noted that the plant will have a capacity to produce 20 million liters (5,000 barrels) of diesel a day, in accordance with Euro 5 standards. The plant was built and completed by the country’s local forces.
“In total, 67.8 trillion rials (about $1.61 billion) and 511 million euro has been spent on the construction and launch of this plant,” he added.
Ghaderi said that the plant's annual income is estimated to be $263 million.
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.