Pars Oil Company is an
oil refining
An oil refinery or petroleum refinery is an industrial processes, industrial process Factory, plant where petroleum (crude oil) is transformed and refining, refined into products such as gasoline (petrol), diesel fuel, Bitumen, asphalt base, ...
company with headquarters in
Tehran
Tehran (; , ''Tehrân'') is the capital and largest city of Iran. It is the capital of Tehran province, and the administrative center for Tehran County and its Central District (Tehran County), Central District. With a population of around 9. ...
.
[Bloomberg Businessweek]
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Pars Oil Company was established in 1959 as a joint-stock company. In 1962, it was admitted to the Tehran Stock Exchange.
After the Islamic Revolution of 1979, this company was confiscated by the revolutionary government and handed over to the Foundation of the Underprivileged of the Revolution, a group of industries also (industrial resources at the disposal of about 56 families affiliated with the previous regime (under the title of state and government supervision), under the management of institutions and organizations. In the 1990s, some shares were traded between former shareholders such as Royal Dutch Shell
Shell plc is a British multinational oil and gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New ...
. By the year 2000, Fuad Ray Investment Company Under the supervision of the Execution of Imam Khomeini's Order
The Execution of Imam Khomeini's Order (EIKO) (, ''Setâd-e Ejrây-ye Farmân-e Emâm''), also known as the Executive Headquarters of Imam's Directive or simply Setad, is a parastatal organization in the Islamic Republic of Iran, under direct c ...
& decree with the tact and power of Mohammad Reyshahri
Mohammad Reyshahri (), also known as Mohammad Mohammadi-Nik (29 October 1946 – 21 March 2022), was an Iranian politician, cleric, judge and religious scholar, who notably served as Chief Judge of the Revolutionary Military Tribunal (1979–1984 ...
executive headquarters, as well as some influential figures in intelligence, security, and economy, such as Abbas Suri (Hekmat) is one of the directors of the Islamic Revolutionary Guard Corps, Mohammad Shariatmadari
Mohammad Shariatmadari (Persian: محمد شریعتمداری; born 24 June 1960) is an Iranian politician and current CEO of Persian Gulf Petrochemical Industries Corporation since December 2024.
He was former Minister of Cooperatives, La ...
, former Minister of Commerce, Mahmoud Yasini, Saeidi Kia, former Minister of Roads, Gholam Hossein Nozari, former Minister of Oil, Homayun Khosravi, Behrouz Makoui, Amir Moghadam, Director of Rouhani's Presidential Office & the youngest of them Yasser Faze (1979) attributed to Ali Meshkini
Ali Akbar Feiz Aleni (; 2 December 1921 – 30 July 2007), better known as Ali Meshkini (علی مشکینی), was an Iranian Islamic cleric and politician.
Life
Meshkini was an Iranian Azerbaijani born in a village near Meshkin Shahr and th ...
, bought more than 48% of the shares of Pars Oil Company, which was owned by Shell.
Products
The company's main product are gasoline engine
A petrol engine (gasoline engine in American and Canadian English) is an internal combustion engine designed to run on petrol (gasoline). Petrol engines can often be adapted to also run on fuels such as Autogas, liquefied petroleum gas and Common ...
oils, diesel engine
The diesel engine, named after the German engineer Rudolf Diesel, is an internal combustion engine in which Combustion, ignition of diesel fuel is caused by the elevated temperature of the air in the cylinder due to Mechanics, mechanical Compr ...
oils, automotive gear oil
Gear oil is a lubricant made specifically for transmissions, transfer cases, and differentials in automobiles, trucks, and other machinery. It has high viscosity and usually contains organosulfur compounds. Some modern automatic transaxles ...
s, industrial oils, antifreeze
An antifreeze is an additive which lowers the freezing point of a water-based liquid. An antifreeze mixture is used to achieve freezing-point depression for cold environments. Common antifreezes also increase the boiling point of the liquid, allow ...
s, brake fluid
Brake fluid is a type of hydraulic fluid used in hydraulic brake and hydraulic clutch applications in automobiles, motorcycles, light trucks, and some bicycles. It is used to transfer force into pressure, and to amplify braking force. It wo ...
s, greases and marine oil
Fish oil is oil derived from the tissues of oily fish. Fish oils contain the omega−3 fatty acids eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), precursors of certain eicosanoids that are known to reduce inflammation in the body ...
s.[Petrol Plaza]
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Certifications
Pars Oil Company has qualified for ISO 9001
The ISO 9000 family is a set of international standards for quality management systems. It was developed in March 1987 by International Organization for Standardization. The goal of these standards is to help organizations ensure that they meet ...
from SGS Industrial Services, as well as many other health, safety, and environment certificates including ISO 14001
The ISO 14000 family is a set of international standards for Natural environment, environment management systems. It was developed in March 1996 by International Organization for Standardization. The goal of these standards is to help organizations ...
and OHSAS 18001
Occupational Health and Safety Assessment Series 18001 (OHSAS 18001) was an international standard for occupational health and safety management systems. It was developed in March 1999 by Occupational Health and Safety Assessment Series Project G ...
.[
]
Export markets
''Pars Oil Company'' started to export its products in 1994. The current export markets are India
India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
, China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
, some African and European countries.[
]
See also
*Industry of Iran
According to a report by ''The Economist'', Iran has been ranked 39th for producing $23 billion of industrial products in 2008. From 2008 to 2009 Iran has leaped to 28th place from 69th place in annual industrial production growth rate.
T ...
*Privatization in Iran
According to the Fourth Five-Year Economic Development Plan (2005–2010), the Privatization Organization of Iran affiliated with the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general publ ...
*List of Iranian companies
This is a list of notable company, companies based in Iran.
Companies
* holding company
Methodology
The 100 top publicly traded Iranian corporations are chosen each year based on 17 financial indices including growth in sale and dividends as we ...
*National Iranian Oil Company
The National Iranian Oil Company (NIOC; ) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran. NIOC was established in 1951 and restructured under The Consorti ...
References
External links
* http://www.lubricants1.com/news/lubricant-news/january-2010/item-7599.html
* https://web.archive.org/web/20160304064401/http://companies.globalmarket.com/pars-oil-co-246893.html
{{TSE Companies of Iran
Oil and gas companies of Iran
Non-renewable resource companies established in 1959
Companies listed on the Tehran Stock Exchange
Oil refineries in Iran
Iranian brands
Iranian companies established in 1959
Manufacturing companies based in Tehran
Iranian entities subject to U.S. Department of the Treasury sanctions