Bandar Abbas refinery ranks first

Bandar Abbas Oil Refinery

Bandar Abbas Oil Refinery

TEHRAN Feb 17(Shana)–Bandar Abbas oil refinery ranked first during the 17th edition of introducing the 100 superior companies of the country in view of economic performance.

Financial performance of the 100 superior companies of the country showed that Bandar Abbas oil refinery with 420 trillion IR rials ranked first in view of sale.

Managing director of Bandar Abbas oil refinery said 28 indexes including sale, percentage of sale growth, generating value-added, assets growth, royalty ratio and exports growth were among the main indexes for choosing 100 superior companies of the country.

He added the company ranked fourth last year but improving economic indexes, productivity, economic performance and proper planning were the main factors which helped the company to promote its place in the ranking.

Bandar Abbas oil refinery with processing capacity of 350 barrels of crude oil and gas condensate per day is the third largest oil refinery in the country. The refinery accounts for production of 18 percent of oil products including gasoline, LPG, kerosene, jet fuel, heavy naphtha, fuel oil and sulfur.

By SHANA