According to the public relations report of Petro Omid Asia Holding, Dr. Reza Cheraghi Kotiani, CEO and member of the board of directors, stated the following regarding the capital increase of Petro Omid Asia Holding:
One of the most important factors of business and profit in companies is capital. Every company must have an acceptable capital to be able to benefit from commercial profit. Companies increase capital to finance and develop their activities and maintain their competitiveness.
Petro Omid Asia Holding, as the largest private tank owner in the field of crude oil storage in strategic areas of the country, after obtaining the permission of the board of directors and the approval of the company's auditor, held an extraordinary meeting to increase the capital from 8,000 billion Rials to 40,000 billion Rials from the location. The present demands of the shareholders and a cash contribution to compensate the expenses incurred for the investment in the national and strategic project of the construction of crude oil storage tanks in the Jask port and to improve the financial structure.
Relying on sufficient knowledge and experience of more than a decade in the field of construction and implementation of crude oil storage tanks, this holding company intends to fulfill its mission and highlight the role of Omid Investment Management Group and Sepeh Bank Group in the economic growth and development of the country. After the opening and operation of phase (1) of Jask port crude oil storage tanks project, with a capacity of 10 million barrels in 1403, phase (2) of these tanks with a capacity of another 10 million barrels should be included in its development plans. Also, relying on its advantages and capabilities, such as having a 2000 horse power drilling rig, as well as drilling experience and expert workforce, it will re-establish its presence in the upstream industries of the oil and gas industry by reviving the phase 3 development project of the Darkhoin oil field in a The written program is on the agenda.