Esfahan Oil Refining Co. (EORC), a subsidiary of Iran’s state-owned National Iranian Oil Refining & Distribution Co. (NIORDC), has issued a letter of agreement (LOA) to Daelim Industrial Co. Ltd. of South Korea for execution of a modernization and improvement project at EORC’s 375,000-b/d refinery in Esfahan City, Esfahan province, about 400 km south of Tehran.

Source: News