The oil content of the wax produced in a dewaxing process is the key economic parameter that should be reduced as much as possible. Some factors such as the type of solvents, cooling rate, temperature, and solvent to oil ratio influence the dewaxing process. Due to the fact that crude oil differs from place to place and since the operational conditions for wax extraction vary for different types of crude oil, the objective of this work is to study the operational conditions for wax production from an Iranian raffinate sample used in Sepahan Oil Company. All the experiments are conducted based on a design of experiment (DOE) technique for minimizing the oil content of the wax produced. The effects of five factors have been determined quantitatively and appropriate levels are suggested for reducing the oil content. The results show that the solvent ratio, solvent composition, and cooling rate play the most important role in minimizing the oil content of the produced wax.