Latest news on the progress of the Isfahan Oil Refinery RHU project

According to Energy Press, citing the National Iranian Refining and Distribution Company’s information website, citing the Isfahan Petrorefining Company’s public and international relations, the project to construct a desulfurization unit for distillation tower residues (RHU) with the aim of eliminating the country’s fuel imbalance has been started in 2019 in accordance with Article 45 of the Seventh Development Plan Law and is being implemented as the most important project of Isfahan Petrorefining Company with the utmost speed and quality.
At the current stage, the physical progress of the RHU project is sixty-five percent actual compared to 68 percent planned, and it is expected that the launch of the first part of this project will be realized in the first half of 1405.
Any news about the suspension of this project is incorrect, and this project is important and a very high priority for the company due to its environmental importance, eliminating fuel imbalance and providing clean fuel.
Obviously, due to the decrease in liquidity, income and profits of refining companies under the influence of international factors and the lack of financial management and prioritization of projects and their maximum start without considering the priority and continuity of projects in the previous period, this company is trying to launch projects in order of priority and priority by prioritizing them based on the budget amount and simultaneously paying dividends to dear shareholders and salaries and benefits of employees and other current expenses.