Reducing the profitability of refineries and stopping development plans

According to Energy Press, Majid Eshghi, head of the Securities and Exchange Organization, in a letter to the oil minister, requested to amend the pricing guidelines for oil feed and products of refining companies.

It is stated in this letter: Following the correspondence of Makhtoom Refining Industry Employers Association to the face-to-face meeting in the government regarding the need to amend the pricing guidelines for oil feed and products of refining companies, which unfortunately have not been given any effective order so far, it brings to mind the effects of irrational changes. In the aforementioned instructions, the financial statements of refining companies in the year 1402 show a significant decrease in the profitability of these companies compared to the year 1401, as well as the accumulation of claims from the National Company for the Distribution and Refining of Petroleum Products, which definitely led to the suspension of the implementation of development and quality improvement projects. will be refineries.