Iranol Oil Company

IRANOL Oil Company
Company typePublic company
TSE: NOLZ1
ISIN: IRO3NOLZ0001[1]
IndustryPetroleum industry, Petrochemical industry
Founded2003
FounderNational Iranian Oil Company
Headquarters
Tehran
,
Iran
Area served
West Asia
ProductsLubricant, Motor oil, Grease
OwnerSocial Security Organization
Civil Servants Pension Fund
Astan Quds Razavi
Websitewww.iranol.ir

The Iranol Oil Company (Persian: شرکت نفت ایرانول) is an Iranian oil company based in Abadan and Tehran. It produces engine oils, greases, and lubricants and manufactures Bright Stock, an oil industry product. The company's products are part of the West Asian market for lubricants and related products. Iranol's facilities include a hydro-finishing and oil production unit at the Abadan Refinery and Tehran Refinery.[2][3][4][5][6][7][8][9][10][11]

History

As part of the Iranian government's privatization efforts and policies to reduce state ownership in non-monopoly sectors, the oil refining units of Tehran and Abadan refineries were transferred to several organizations: the Social Security Organization, the Civil Servants Pension Fund, and the Astan Quds Razavi. This transfer resulted in the establishment of Iranol Oil Company on December 1, 2002. In February 2012, the company was listed on the Tehran Stock Exchange. Iranol Oil Company operates in two main areas: Tehran Oil Refinery and Abadan Refinery.[12]

Notes

  1. ^ "Iranol-Oil". InvestFunds (in Russian). Retrieved August 11, 2024.
  2. ^ "Iranol Company at a Glance". Iranol Oil Company. Retrieved August 11, 2024.
  3. ^ "ارتقای ۹ پله‌ای شرکت نفت ایرانول در میان ۱۰۰ شرکت برتر". Tabnak News Agency (in Persian). January 22, 2024. Retrieved August 11, 2024.
  4. ^ "اسحاقی مدیرعامل نفت ایرانول شد". Jahan Sanat newspaper (in Persian). February 20, 2024. Retrieved August 11, 2024.
  5. ^ "Slack Wax Market 2024 Regional Analysis by Recent Developments, Revenue, Market Drivers and Forecast to 2030". newschannelnebraska.com. July 8, 2024. Retrieved August 11, 2024.
  6. ^ "IRENEX shares data on sales of Iranol Oil Company". trend.az. November 30, 2021. Retrieved August 11, 2024.
  7. ^ "The leadership of Iranol oil in the sale of lubricants; Reduction of Sepahan oil production". energypress.ir. June 1, 2024. Retrieved August 11, 2024.
  8. ^ "Cooperation between Iranol and Sharif University in lubricant industry". energypress.ir. April 24, 2024. Retrieved August 11, 2024.
  9. ^ "شکست رکورد فروش ایرانول". Donya-e-Eqtesad (in Persian). December 23, 2019. Retrieved August 11, 2024.
  10. ^ "سهم انواع روانکار ایرانول از بازار کشور". Donya-e-Eqtesad (in Persian). October 11, 2021. Retrieved August 11, 2024.
  11. ^ "رشد ۶۲درصدی حجم فروش ایرانول در اردیبهشت/ افزایش سهم از بازار تا اجرای طرح‌های توسعه‌ای". eghtesadonline.com (in Persian). May 23, 2020. Retrieved August 11, 2024.
  12. ^ "Iranol Company at a Glance". Iranol Oil Company. Retrieved August 11, 2024.