Pars Oil

Pars Oil Company is an Iranian oil refining and petroleum-products business headquartered in Tehran. Established as a joint-stock company in 1959, it became one of Iran’s established producers and sellers of lubricants and related products. The company’s portfolio includes gasoline-engine oils, diesel-engine oils, automotive gear oils, industrial oils, antifreeze, brake fluids, greases, and marine oils. Its activities therefore extend beyond conventional fuel refining into the formulation, production, distribution, and export of finished lubricant and vehicle-maintenance products. The company was admitted to the Tehran Stock Exchange in 1962, giving it an early connection to Iran’s organized capital market. Following the 1979 Islamic Revolution, Pars Oil was confiscated by the revolutionary government and transferred to the Foundation of the Underprivileged, a major post-revolutionary institutional owner of industrial assets. Ownership subsequently evolved through transactions involving former shareholders and other investors. Reference material states that, during the 1990s, shares were traded among former shareholders including Royal Dutch Shell, while by 2000 Fuad Ray Investment Company had acquired more than 48 percent of Pars Oil. Fuad Ray was described as operating under the supervision of the Imam Khomeini Relief Foundation’s order and decree, with Mohammad Reyshahri associated with its executive structure. Pars Oil began exporting products in 1994. Its reported export destinations include India, China, and selected countries in Africa and Europe, although the available material does not provide current country-by-country sales figures or revenue data. Domestically, the company is positioned as an industrial petroleum-products supplier with a broad portfolio spanning automotive lubricants, industrial fluids, greases, and marine applications. The company has reported quality, environmental, occupational-health, and safety certifications. These include ISO 9001 certification through SGS Industrial Services, as well as ISO 14001 and OHSAS 18001 credentials according to the available reference material. Pars Oil has also pursued brand visibility through sports sponsorship. In July 2019, it entered into an agreement with the Football Federation of Iran to sponsor football referees in the men’s professional league, women’s league, and futsal competitions. The arrangement was followed by a dispute involving female professional-league referees who complained about unpaid wages and subsequent termination or disqualification; the available material says the referees were later paid after intervention by the federation’s refereeing committee. Public reference material identifies Ramin Partovi as a current or former chief executive and Majid Bajelan as a current or former chairman, but does not establish their precise tenures. A 2026 reference describes the company as having more than 1,200 employees; this figure is retained only as a time-qualified reference point because no independently verified current workforce figure is available here. Overall, Pars Oil is best understood as an Iranian corporate oil-products brand with a long operating history, post-revolutionary ownership changes, a domestic industrial base, and an export presence in Asia, Africa, and Europe.

Pars Oil Company was established in 1959 as an Iranian joint-stock company. Its early corporate development occurred during a period in which Iran was building domestic industrial capacity and formal commercial enterprises in the petroleum sector. In 1962, the company was admitted to the Tehran Stock Exchange, an indication that it had reached a scale and organizational form suitable for public-market participation. The 1979 Islamic Revolution significantly altered Pars Oil’s ownership and institutional setting. The revolutionary government confiscated the company and transferred it to the Foundation of the Underprivileged, an organization that became a major holder and administrator of industrial assets after the revolution. This transition placed Pars Oil within the broader reorganization of Iranian corporate property that followed the change in government. Ownership later became more complex. Reference material states that, during the 1990s, some shares were traded among former shareholders, including Royal Dutch Shell. By 2000, Fuad Ray Investment Company had acquired more than 48 percent of Pars Oil. Fuad Ray was described as operating under the supervision of the Imam Khomeini’s Order and Decree, with Mohammad Reyshahri associated with its executive headquarters and with influential figures from Iran’s intelligence, security, and economic spheres. The available material does not provide a complete ownership chronology or a verified current shareholder register. Pars Oil’s business is centered on petroleum products rather than on crude-oil extraction. Its principal product groups include gasoline and diesel engine oils, automotive gear oils, industrial oils, antifreeze, brake fluids, greases, and marine oils. This range gives the company exposure to passenger and commercial vehicles, industrial machinery, marine equipment, and general maintenance markets. The company has also reported management-system and operational certifications, including ISO 9001 for quality management, ISO 14001 for environmental management, and OHSAS 18001 for occupational health and safety. The company began exporting in 1994. Reported export markets include India, China, and selected African and European countries. These exports form part of Pars Oil’s international commercial activity, although publicly available reference material does not provide sufficient information to quantify export volumes, revenues, market shares, or the contribution of individual destinations. In July 2019, Pars Oil expanded its public-facing marketing activity through a sponsorship agreement with the Football Federation of Iran. The agreement covered referees in the men’s professional league, the women’s league, and futsal competitions, with referees receiving shirts carrying the company’s branding. The sponsorship became associated with a labor and governance dispute after female professional-league referees complained about unpaid wages and were dismissed or disqualified. The available account says that intervention by the chairman of the federation’s refereeing committee resulted in back pay, although the referees were subsequently terminated and disqualified again. Reference material identifies Ramin Partovi as a current or former chief executive and Majid Bajelan as a current or former chairman of the board, without specifying their tenures. A source characterized as providing 2026 data reports more than 1,200 employees, but the available information does not establish whether this is a formally reported current figure. Pars Oil therefore remains a long-established Iranian petroleum-products company with a history spanning public listing, post-revolutionary state-linked ownership, private and institutional share transactions, domestic manufacturing, exports, and sports marketing.

• 2019

  Football refereeing sponsorship

  [1]Pars Oilen.wikipedia.org

  Pars Oil signed a sponsorship agreement with the Football Federation of Iran covering football and futsal referees.

• 2000

  Fuad Ray acquires a major stake

  [1]Pars Oilen.wikipedia.org

  Fuad Ray Investment Company was reported to have acquired more than 48 percent of Pars Oil’s shares.

• 1994

  Exports begin

  [1]Pars Oilen.wikipedia.org

  Pars Oil began exporting its petroleum products.

• 1979

  Post-revolutionary confiscation

  [1]Pars Oilen.wikipedia.org

  Following the Islamic Revolution, the company was confiscated by the revolutionary government and transferred to the Foundation of the Underprivileged.

• 1962

  Admission to the Tehran Stock Exchange

  [1]Pars Oilen.wikipedia.org

  Pars Oil was admitted to the Tehran Stock Exchange.

• 1959

  Company established

  [1]Pars Oilen.wikipedia.org

  Pars Oil was established as a joint-stock company in Iran.

A long-established Iranian producer and exporter of automotive, industrial, marine, and vehicle-maintenance petroleum products.

• Automotive lubricants

  Gasoline engine oils

  Lubricants for gasoline-powered passenger vehicles and other gasoline engines, forming one of the company’s core automotive product groups.

• Automotive and commercial-vehicle lubricants

  Diesel engine oils

  Engine oils intended for diesel-powered vehicles and equipment, including applications associated with commercial transport and heavier-duty use.

• Automotive lubricants

  Automotive gear oils

  Lubricants for vehicle transmissions, differentials, and related gear systems. They complement Pars Oil’s engine-oil range within the automotive maintenance portfolio.

• Industrial lubricants

  Industrial oils

  Petroleum-based lubricants for industrial machinery and equipment. The available source material identifies industrial oils as a major product category but does not specify individual grades or applications.

• Vehicle fluids

  Antifreeze and brake fluids

  Vehicle-maintenance fluids covering engine cooling and braking applications. These products broaden the company’s automotive offering beyond lubricants.

• Lubricants

  Greases

  Semi-solid lubricants used in automotive, industrial, and mechanical applications where grease-based protection and load handling are required.

• Marine lubricants

  Marine oils

  Lubricants for marine engines and equipment, extending Pars Oil’s product coverage into shipping and other marine operating environments.

• 2019

  Dispute over unpaid wages and termination of women referees follows sponsorship period

  Women referees in Iran's professional league reportedly complained about unpaid wages. Although arrears were paid after intervention by the federation's referees committee, the officials were later terminated and disqualified, producing a controversy over alleged violations of federation rules.

  Source

• 2019

  Women referees' unpaid-wage and dismissal controversy

  Women referees in Iran's professional league reportedly complained about unpaid wages during the period of the federation's Pars Oil sponsorship. After intervention by the referees committee, the arrears were paid, but the referees were later terminated and disqualified. The available account characterizes the disciplinary outcome as contrary to the federation's statute, while not attributing the decisions directly to Pars Oil.

  Source

Read more

• 2019Iranian football refereeing sponsorship

  Iran

  Pars Oil sponsored referees affiliated with Iran’s men’s professional football league, women’s league, and futsal league through an agreement with the Football Federation of Iran.

  Outcome. The sponsorship generated brand visibility through referee shirts but was followed by a dispute concerning the payment and treatment of female professional-league referees.

  Source

• 2019

  Football sponsorship strategyStrategy

  Background

  Pars Oil sought consumer and public visibility through association with organized Iranian football.

  Action taken

  The company signed a sponsorship agreement with the Football Federation of Iran for football and futsal referees.

  Aftermath

  The agreement provided branded exposure but became linked to a dispute over unpaid wages and the subsequent treatment of female referees.

  Source

• 1994

  Start of export operationsStrategy

  Background

  After developing an established domestic petroleum-products business, Pars Oil began selling products outside Iran.

  Action taken

  The company initiated exports, later reporting markets in India, China, and selected African and European countries.

  Aftermath

  Exports became a continuing part of the company’s commercial profile, although the available sources do not quantify their scale.

  Source

• 2019

  Pars Oil signs football refereeing sponsorship agreement[1]Pars Oilen.wikipedia.org

  Campaign

  Pars Oil entered a sponsorship agreement with the Football Federation of Iran covering referees in the men’s professional league, women’s league, and futsal competitions.

• 2019

  Female referees raise pay and termination concerns after sponsorship arrangement[1]Pars Oilen.wikipedia.org

  Other

  Female professional-league referees reportedly complained about unpaid wages and were dismissed or disqualified. The available account says intervention by the federation’s refereeing committee led to back pay, followed by the referees’ return and later termination.

• 2019

  Pars Oil signs Iranian football refereeing sponsorship agreement[1]Pars Oilen.wikipedia.org

  Campaign · Other

  The Football Federation of Iran signed a sponsorship contract with Pars Oil covering referees in the men's professional league, women's league, and futsal competitions.

1. 1Pars Oilen.wikipedia.org