IOP Public Relations-   The 20% block of the Tehran Oil Refining Company includes more than 4 billion shares which is sold out in cash in stock exchange.

The public offering of the 20 Percent block is at the price of the stock exchange board on the very day (which equals the closing board price the day before) combined with a 20 percent   increase provided that it does not fall below 8510 rials.  The overall basic value of the block is 40,847,991,490,000 rials.