A memorandum of understanding on technological and knowledge-based cooperation in the lubricant industry was signed between the CEO of Iranol Oil Company and the president of Sharif University of Technology.

Activists of motor oil union said: Iranol and Behran motor oil became more expensive in the market by 50%, the lack of supply of motor oil by these companies in the market has led to the creation of a "black market".

Iranol Oil (Sharanel) has registered the highest increase in revenue among its competitors with a more than 22% increase in its monthly income compared to March 2023.