Pars Oil Company is an

oil refining An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefie ...

company with headquarters in

Tehran Tehran (; fa, تهران ) is the largest city in Tehran Province and the capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is the most popul ...

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History and development

Pars Oil Company was founded in 1959 as a

joint-stock company A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...

Abdol-Ali Mirza Farmanfarmaian Abdol-Ali Mirza Farman Farmaian (1935–1973) Library of CongressFarmānfarmāʼiyān, ʻAbd al-ʻAlī, 1935-1973/ref> was an Iranian businessman and nobleman. He was the youngest son of the Qajar Persian nobleman Abdol-Hossein Farman Farma and his ...

and some of his relatives, later adding more stock holders. It was admitted to the

Tehran Stock Exchange The Tehran Stock Exchange (TSE) ( fa, بورس اوراق بهادار تهران, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. , 339 companies with a com ...

in 1962. After the

Islamic Revolution of 1979 The Iranian Revolution ( fa, انقلاب ایران, Enqelâb-e Irân, ), also known as the Islamic Revolution ( fa, انقلاب اسلامی, Enqelâb-e Eslâmī), was a series of events that culminated in the overthrow of the Pahlavi dynas ...

, the company was ceased by the revolutionary government and passed on to the control of the

Mostazafen Foundation of Islamic Revolution The Mostazafan Foundation of Islamic Revolution ( fa, بنیاد مستضعفان انقلاب اسلامی) formerly Bonyad-e Mostazafan va Janbazan (Foundation of the Oppressed and Disabled or "MFJ") is a charitable '' bonyad'', or foundation, i ...

, 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.Rey Investment Company

Products

The company's main product are

gasoline engine A petrol engine (gasoline engine in American 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 liquefied petroleum gas and ethanol blends (such as ''E ...

oils,

diesel engine The diesel engine, named after Rudolf Diesel, is an internal combustion engine in which ignition of the fuel is caused by the elevated temperature of the air in the cylinder due to mechanical compression; thus, the diesel engine is a so-call ...

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 (in ...

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, all ...

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 works be ...

s, greases and

marine oil Fish oil is oil derived from the biological tissue, 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 inflamma ...

s.Petrol Plaza
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Certifications

Pars Oil Company has qualified for

ISO 9001 The ISO 9000 family is a set of five quality management systems (QMS) standards that help organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service. ISO 90 ...

from

SGS Industrial Services SGS may refer to: Acronym usage * ISO 639-3 code for the Samogitian dialect * ISO 3166 trigram for South Georgia and the South Sandwich Islands * FAA location identifier for South St. Paul Municipal Airport Companies and organizations * SGS Essen ...

, as well as many other health, safety, and environment certificates including

ISO 14001 ISO 14000 is a family of standards related to environmental management that exists to help organizations (a) minimize how their operations (processes, etc.) negatively affect the environment (i.e. cause adverse changes to air, water, or land); (b ...

and

OHSAS 18001 OHSAS 18001, Occupational Health and Safety Assessment Series, was an international standard for occupational health and safety management systems that was subsequently adopted as a British Standard. Compliance with it enabled organizations to dem ...

Export markets

''Pars Oil Company'' started to export its products in 1994. The current export markets are

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

, some African and European countries.

References

External links