IRANOL Oil Co.

IRANOL Oil Co. represents a pivotal component in Iran's ongoing economic restructuring, aligning with the government's strategic push for privatization. Established in winter 2002, this company emerged from the divestment of the Tehran and Abadan oil refineries, originally part of the National Iranian Oil Company. By privatizing these non-monopolistic sectors, the government aimed to invigorate industrial and economic activities through private sector engagement.

Renowned as Iran’s market leader in the production of various base, engine, and industrial oil brands, IRANOL Oil Co. also specializes in slack wax, furfural extract, petrolatum, and bright stock. A significant milestone was achieved in February 2013, when its shares were listed on Iran's over-the-counter market, Farabourse, potentially enhancing its visibility and liquidity within the investment community.

IRANOL Oil Co. continues to operate major facilities in the Tehran refinery, Abadan refinery, and a packaging and bottling complex, cementing its role as a cornerstone of Iran’s refining industry.