Pars Oil Company is an oil refining company with headquarters in Tehran. History and development Pars Oil Company was founded in 1959 as a joint-stock company by Abdol-Ali Mirza Farmanfarmaian and some of his relatives, later adding more stock holders. It was admitted to the Tehran Stock Exchange 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. In the 1990s, some of the stocks were returned to former stock holders. In 2000, Foad Rey purchased 48.7 percent of Pars Oil Company stocks. Products The company's main product are gasoline engine oils, diesel engine oils, automotive gear oils, industrial oils, antifreezes, brake fluids, greases and marine oils. Certifications Pars Oil Company has qualified for ISO 9001 from SGS Industrial Services, 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, China, some African and European countries. See also Industry of Iran Privatization in Iran List of Iranian companies National Iranian Oil Company References External links http://www.lubricants1.com/news/lubricant-news/january-2010/item-7599.html https://web.archive.org/web/20160304064401/http://companies.globalmarket.com/pars-oil-co-246893.html Oil and gas companies of Iran Non-renewable resource companies established in 1959 Companies listed on the Tehran Stock Exchange Oil refineries in Iran Iranian brands Iranian companies established in 1959 Iranian entities subject to the U.S. Department of the Treasury sanctions