It was established in 2015 at the same time as obtaining the exclusive representation of Hyundai Oil Bank of South Korea to distribute and sell products manufactured under the HYUNDAI XTEER brand with the aim of entering the market in the field of various types of motor and industrial lubricants. After carrying out extensive activities in the country to distribute Hyundai Exeter products, which were analyzed with representatives of Hyundai Company, the agreement of Hyundai Company to establish a production unit in Iran under license and with full supervision and use of raw materials produced by that company was obtained. And in 1996, a production unit was set up.
At the beginning of the celebration, Mr Habibi Khorasani, CEO of the holding, while congratulating the New Year regarding the use of the history full of ups and downs of our country, asked all colleagues in these difficult economic conditions try to redouble their efforts with ethics and maintain peace for organizational excellence and development..
Middle East Oil & Gas Horizon International Company (Mohico), is a knowledge-based company active in upgrading and converting heavy oil into lighter and final products, using advanced technologies, founded in February, 2014.
Mohico’s most important goals include the optimum utilization of hydrocarbon resources and reserves to support sustainable growth, contributing to the realization of the highest value chain in developing and expanding hydrocarbon-based products, participating in supplying the required energy and fuel while approaching global optimal consumption indices and standards, empowering advisors and contractors along with winning an appropriate place in the world in terms of technologies employed in the oil and gas industry.
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