History and development

Pars Oil Company was founded in 1959 as a Joint Stocks Company by Abdol-Ali Mirza Farmanfarmaian and some of his relatives, later adding more stock holders. Later it was admitted to Tehran Stock Exchange

Tehran Stock Exchange

The Tehran Stock Exchange is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of July 2010, 337 companies with a market capitalization of US$72 billion were listed on TSE...

 in 1962. 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. From the 1990's, some of the stocks were returned to the former stock holders. In 2000 Foad Rey purchased 48.7 percent of Pars Oil Company stocks.

Products

The main products of the company are Gasoline

Gasoline

Gasoline , or petrol , is a toxic, translucent, petroleum-derived liquid that is primarily used as a fuel in internal combustion engines. It consists mostly of organic compounds obtained by the fractional distillation of petroleum, enhanced with a variety of additives. Some gasolines also contain...

 Engine

Engine

An engine or motor is a machine designed to convert energy into useful mechanical motion. Heat engines, including internal combustion engines and external combustion engines burn a fuel to create heat which is then used to create motion...

 Oils, Diesel Engine

Diesel engine

A diesel engine is an internal combustion engine that uses the heat of compression to initiate ignition to burn the fuel, which is injected into the combustion chamber...

 Oils, Gas Engine Oils, Automotive Gear Oils, Industrial Oils, Antifreeze

Antifreeze

Antifreeze is a freeze preventive used in internal combustion engines and other heat transfer applications, such as HVAC chillers and solar water heaters....

s and Brake

Brake

A brake is a mechanical device which inhibits motion. Its opposite component is a clutch. The rest of this article is dedicated to various types of vehicular brakes....

 Fluids, Greases

Grease (lubricant)

The term grease is used to describe semisolid lubricants. Although the word grease is also used to describe rendered fat of animals, in the context of lubrication, grease typically applies to a material consisting of a soap emulsified with mineral or vegetable oil...

 and Marine

Marine (ocean)

Marine is an umbrella term. As an adjective it is usually applicable to things relating to the sea or ocean, such as marine biology, marine ecology and marine geology...

 Oils.

Certifications

Pars Oil Company has qualified for ISO 9001 from SGS

SGS Industrial Services

SGS Industrial Services is a global provider of technical inspection, verification, testing and conformity assessment services for industrial markets. SGS Industrial Services is one of the 10 divisions of the Geneva-based SGS S.A...

, as well as many other health, safety, and environment certificates including ISO 14001 and OHSAS 18001.

Export markets

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

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

, China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

, some African and European countries.

See also

• Industry of Iran
  Industry of Iran
  According to a report by the Economist, Iran has been ranked 39th for producing $23 billion of industrial products in 2008. From 2008 to 2009 Iran has leaped to 28th place from 69th place in annual industrial production growth rate. A recent report by the World Fact Book ranks Iran 3rd among...
  
  
• Privatization in Iran
  Privatization in Iran
  According to the Fourth Five-Year Economic Development Plan , the Privatization Organization of Iran affiliated to the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public and on the Tehran Stock Exchange...
  
  
• List of Iranian companies
• National Iranian Oil Company
  National Iranian Oil Company
  The National Iranian Oil Company , a government-owned corporation under the direction of the Ministry of Petroleum of Iran, is an oil and natural gas producer and distributor headquartered in Tehran. It was established in 1948...
  
  

External links

• http://www.lubricants1.com/news/lubricant-news/january-2010/item-7599.html
• http://www.gasandoil.com/goc/company/cnm93757.htm