Iranol, Petronas Sign Coop Deal

Iran’s Iranol Company and Malaysia’s Petronas signed a cooperation deal on engine oil and industrial lubricants production.

From Iranol, Isa Eshaqi, managing director of the company, signed the deal.

“Based on the deal, Petronas has agreed to help Iranol with technology transfer for production of different industrial lubricants that comply with international standards,” he said.

Eshaqi said Iranol is leaning towards minimizing sale of base oil and is working of acquiring the technical savvy for production of end-user items.

(Source: Shana)

No comments yet.

Leave a Reply