Pars Oil

Pars Oil Company Ltd

Type	Public limited company
Industry	Petroleum Industry
Founded	1959^[1]
Headquarters	Tehran, Iran
Area served	Worldwide
Key people	Hasan Vafaei
Number of employees	1000+^[2]
Website	Pars Oil Co.

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 SGS Industrial Services, 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]

References

External links

Companies listed on the Tehran Stock Exchange

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