Bandar Abbas Oil Refining Company is one of the 9 Iranian petroleum refining companies. It was erected on an
approximate area of 700 Hectares on the North coastline of the Persian Gulf near Bandar Abbas city. The company was exploited in 1997. In 2012, its production capacity reached 350,000 barrel per day.
Refinery feedstock includes 20,000 b/d of light crude oil from Hengam island, 300,000 b/d of heavy crude oil from Khark island and 30,000 b/d of condensate from Sarkhoon and Asalouyeh gaseous fields now.
During the past several years, the state pattern for production and consumption of oil products has been changed from mid-distillation products to gasoline with more added value.
This project runs under the title of gasoline production increase in order to state self-sufficiency in gasoline production and products quality upgrading on the basis of Euro 5 standard. This project is under construction procedure on a land with an area about 345,000 Sq m.
| Company Profile | |
| CEO: | Mr Hashem Namvar |
| Year of foundation: | 1997 |
| Number of employees: | 1267 (2013) |
| Market Capitalization: | 99,139.2 billion IRR (January 2018) |
| Symbol: | PNBA |
| Floated shares: | 9% |
| Total Revenue: | 164,211,304 million IRR (2017)
4.47 billion USD1 |
| Foreign sales: | N/A |
| Net Profit: | 10,292,931 million IRR (2017) |
| Main Shareholders2 | Percentage |
| Refah Bank | 35.77% |
| Parsian Oil and Gas Development Group | 17.43% |
| Others | 46.8% |
| Main Products | Volume (cubic meter) |
| Liquefied Petroleum gas (LPG) | 430,166 |
| Kerosene | 798,722 |
| Motor gasoline | 2,729,551 |
| Oil gas | 6,016,043 |
| Fuel oil | 4,118,736 |
| Jet Fuel | 243,818 |
| Sulfur | 19,361 |
| Vac Bot | 1,359,302 |
| Naphtha | 1,222,919 |
| Others | 348,630 |
1: Official exchange rate used on the date of publication; 1 USD equivalent to 36,670 IRR.
2: Only shareholders with more than 5% of shares are specifically named.