Pars Oil

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Pars Oil Company Ltd
TypePublic limited company
IndustryOil and gas
Founded1959; 63 years ago (1959)[1]
HeadquartersTehran , Iran
Area served
Worldwide
Key people
Hamid reza Khalili(CEO), Parviz Raahat(CHAIRMAN OF THE BOARD),
Products
Petrochemicals
ServicesService stations
Number of employees
3000+[2]
Websitewww.parsoilco.com

Pars Oil Company is an oil refining company with headquarters in Tehran.[1][3]

History and development[]

Pars Oil Company was founded in 1959 as a joint-stock company by Abdol-Ali Mirza Farmanfarmaian and some of his relatives, later adding more stock holders. It was admitted to the Tehran Stock Exchange in 1962.[1] After the Islamic Revolution of 1979, the company was ceased by the revolutionary government and passed on to the control of the Mostazafen Foundation of Islamic Revolution, a government owned umbrella group set up as part of the nationalisation efforts of the new government. In the 1990s, some of the stocks were returned to former stock holders. In 2000, Foad Rey purchased 48.7 percent of Pars Oil Company stocks.[4]

Products[]

The company's main product are gasoline engine oils, diesel engine oils, automotive gear oils, industrial oils, antifreezes, brake fluids, greases and marine oils.[1][5]

Certifications[]

Pars Oil Company has qualified for ISO 9001 from , as well as many other health, safety, and environment certificates including ISO 14001 and OHSAS 18001.[1]

Export markets[]

Pars Oil Company started to export its products in 1994. The current export markets are India, China, some African and European countries.[1][5]

See also[]

References[]

  1. ^ a b c d e f Official website
  2. ^ Export Bureau
  3. ^ Bloomberg Businessweek
  4. ^ Rey Investment Company Archived 2011-06-03 at the Wayback Machine
  5. ^ a b Petrol Plaza

External links[]

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