Iranol Oil Co.

What Iranol Oil Co. does

Iranol Oil Co. (شرکت نفت ایرانول) is Iran's leading lubricant manufacturer, established on December 2, 2002 through the privatization of National Iranian Oil Company's Tehran and Abadan lubricant refineries, which were transferred to the Social Security Organization (via its investment arm Shasta/SSIC), the Civil Retirement Fund, and Astan Quds Razavi. The company operates two refineries (Tehran and Abadan) and a container production complex, producing a comprehensive portfolio across seven categories: engine oils for gasoline, diesel, CNG, motorcycle, and hybrid vehicles (including the API SP-certified Super Sport); automatic transmission fluids (ATF VI, MULTIFUNCTIONAL, DCT, CVT, SP-IV); gear oils; marine oils; industrial oils (hydraulic, circulation, turbine, compressor, transformer, heat transfer); greases (Lima, CAMA); antifreeze coolants (COOLMAX, AF-G, Hyper); and ancillary products. Iranol operates Iran's most advanced hydrofinishing unit and is the sole domestic producer of bright stock base oil, with Tehran refinery propane deasphaltation capacity of 4,550 barrels per day and Abadan refinery annual capacity of 65,000 cubic meters of light base oil or 45,000 cubic meters of heavy base oil. The company is publicly listed on Iran's Farabourse (ticker IRANOL) since January-February 2013.

Iranol generates revenue primarily through one-time product sales of manufactured lubricants. Pricing is held behind a customer-portal-gated price list and is not publicly disclosed. The go-to-market combines B2B direct sales to industrial customers (steel, cement, drilling, oil and gas, railway, and transportation sectors, plus OEMs such as Renault Iran and Tabriz Tractor Manufacturing) with a B2B/B2C channel network of hundreds of auto service centers, authorized dealers, and sales engineering offices across all 31 Iranian provinces. The company has additionally built company-owned Iranol Pro automotive service centers in Tehran and a self-serve online sales portal for registered customers. Subsidiary RESCO (Roankaran Ehya Sepahan), established in 2003, operates under technology and brand license from Italian Lubritalia for industrial and motor oils, particularly steel industry oils including fire-resistant formulations. The Tehran-based Container Production Complex, established in 1998 with Italian machinery, provides fully automated in-house plastic container manufacturing and packaging.

The company's competitive moat rests on intangible assets (Iranol brand recognition, decades of market presence, top-100 brand awards), efficient scale (sole domestic bright stock producer, two refineries with 70+ years of combined experience), distribution advantage (national 31-province coverage), and regulatory positioning (international certifications including API SP, IATF 16949, ISO 9001/14001/45001, ISO/TS 29001, and OEM approvals from VOLVO, MAN, MTU, VOITH, ICS, and Renault). Ownership rests with government-affiliated social security and pension institutions, with Shasta (Social Security Investment Company) as the primary shareholder. No AI/ML capabilities, software platforms, or digital products are disclosed; the company's technology base is industrial chemistry and process engineering. No revenue figure is disclosed in the source data, though the company reported record-breaking production, sales, and profit in 1403 (2024 Persian calendar).

Name

Iranol Oil Co.

Legal name

Iranol Oil Company (Public Joint Stock) - شرکت نفت ایرانول (سهامی عام)

Website

https://iranol.ir

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Iranol Oil Co. is Iran's leading lubricant manufacturer, producing engine oils, industrial oils, transmission fluids, marine oils, greases, and antifreeze at two refineries in Tehran and Abadan for automotive, industrial, and marine customers via nationwide distribution.

Ownership category

akta.pro rank

Product category

Lubricant Manufacturing

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191), Petroleum Refineries (324110)

SIC

Petroleum Refining (2911), Miscellaneous Products Of Petroleum & Coal (2990)

akta.pro primary industry

Automotive Lubricants (PCMO, HDMO, ATF, Gear Oils, Coolants) (EUALAJAH)

akta.pro secondary industries

Industrial Lubricants (Hydraulics, Gear, Compressor, Turbine, Metalworking) (EUALAJAG), Greases & Specialty Lubricants (Greases, Pastes, Chain Oils, Silicone/Fluoro) (EUALAJAJ), Base Oil Production & Supply (Group I–V, Re-refined) (EUALAJAA), Process Oils & White Oils (IMAEAMAK)

Keywords

• Lubricant manufacturing
• Engine oil production
• Industrial lubricants
• Marine lubricants
• Base oil refining

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Lubricant Product Sales: Iranol Oil Co. generates revenue through the manufacture and sale of lubricant products including engine oils, gear oils, industrial oils, greases, and antifreeze. Products are sold through a network of authorized dealers, auto service centers, and direct sales to industrial customers.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Iranol Oil Co. is a public joint stock company that manufactures and supplies a full range of petroleum-based lubricants and specialty oils. Its portfolio spans engine oils, gear oils, transmission fluids, hydraulic and industrial oils, marine oils, greases, and antifreeze/coolants, produced across two refineries (Tehran and Abadan) and a plastics/container production complex, and sold through direct sales, authorized dealers, service centers, and a B2B sales portal.

Product overview

Iranol Oil Co. is a leading Iranian lubricant manufacturer producing a comprehensive portfolio of lubricants and related products across seven main categories. The product portfolio includes engine oils for gasoline vehicles (Ronia, Royal, Super Royal, Racing Max, Super Sport with API SP certification), diesel vehicles (Top Engine, D-40000 series, Euro Diesel, META Diesel), motorcycles (MOTOROW, ECO MOTOROW), and CNG-powered vehicles (CNG-BUSX); automatic transmission fluids (ATF VI, ATF MULTIFUNCTIONAL, ATF DCT, ATF CVT); gear oils (XP, EP, AW); marine oils (Matisa, Henza, Spinel, Coral, Lenj, Kayer); industrial oils including hydraulic oils (HZ, HV, HPM), circulation oils (C, CM, CX), turbine oils (HBX series), compressor oils (VDL series), gear oils (IG series), transformer oils (Trans D/DN/C), and heat transfer oils (HT); greases (Lima, Lima EP, CAMA); antifreeze coolants (COOLMAX, AF-G, Hyper); and ancillary products (SW, PM, RPO, TR). The company operates three refineries (Tehran and Abadan Lubricant Refineries) and a container manufacturing complex, positioning itself as Iran's premier lubricant producer with a goal to become the top lubricant manufacturer by 1408.

Differentiator

Problem solved

Functional benefit

Brands

• Ronia: Motor oil brand for gasoline engines
• ECO MOTOROW
• Super Sport
• COOLMAX
• RESCO
• Lima
• CAMA

Products and services

• Engine Oils

Quantifiable outcome

• First in Iran to produce API SP grade gasoline engine oil (Super Sport)
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core.

• LUMMUS (USA)coreTechnology or IntegrationLUMMUS designed the base engineering for Tehran Refinery's advanced lubricant production facility.
• BADGER (USA)coreTechnology or IntegrationBADGER designed the base engineering for Abadan Refinery, which started installation in 1325 (1946) and was fully operational by 1330 (1951).
• Lubritalia (Italy)coreTechnology or IntegrationRESCO subsidiary operates under license and technical knowledge from Italian company Lubritalia for production of industrial and motor oils under the RESCO brand.
• VOLVO (Sweden)coreTechnology or IntegrationVOLVO approval for Iranol lubricant products ensuring compatibility with VOLVO equipment.
• MAN (Germany)coreTechnology or IntegrationMAN approval for Iranol diesel engine oil (D-40,000), enabling use in MAN commercial vehicles.
• MTU (Germany)coreTechnology or IntegrationMTU approval for Iranol D-40000 lubricant products for use in MTU power systems.
• VOITH (Germany)coreTechnology or IntegrationVOITH approval for Iranol industrial lubricant products.
• ICS (International Maritime)coreTechnology or IntegrationICS approval for Iranol marine lubricant products for maritime applications.
• Renault (Iran)coreTechnology or IntegrationRenault certification for Super Ronia gasoline engine oil, confirming compatibility with Renault vehicles.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Lukoil: Russian integrated oil company with significant lubricants operations (Lukoil Genesis, Avante) and refining/base-oil assets; comparable to Iranol as a vertically integrated regional lubricants producer serving domestic automotive and industrial markets with similar product breadth.
• Idemitsu Kosan Co., Ltd. Japanese integrated energy and lubricants company with base oil refining and finished lubricant manufacturing across automotive and industrial segments; comparable to Iranol as an integrated base-oil-to-lubricant producer with strong technical heritage and OEM relationships in Asia.
• Sinopec Lubricants: Chinese state-affiliated integrated lubricants producer under the Great Wall/Tianren brands with base oil refining and global distribution; comparable to Iranol as a large-scale, state-aligned regional lubricants manufacturer targeting both automotive and industrial end-markets.

Direct peers

• Behran Oil Company: Iran's second-largest lubricant manufacturer, producing engine oils, industrial lubricants, and greases; competes head-to-head with Iranol across the same domestic automotive and industrial segments using a similar blending-and-distribution model.
• Pars Oil Company (NAK): Iranian lubricant producer specializing in engine oils, gear oils, and industrial lubricants with nationwide distribution; directly comparable to Iranol as a domestic competitor serving the same automotive and industrial end-markets.
• Fuchs Petrolub SE: Germany-based global lubricants specialist focused on industrial lubricants, automotive oils, and greases; comparable to Iranol's industrial lubricants and greases segment (Lima, CAMA, RESCO specialty products) with a similar specialty-product-led differentiation strategy.

Broad incumbents

• Castrol (BP): BP-owned global lubricants brand with deep presence in passenger car motor oils (Castrol GTX, EDGE), heavy-duty diesel, and industrial fluids; comparable to Iranol as a globally recognized branded lubricant manufacturer serving both automotive and industrial customers.
• Shell plc: Global lubricants major with Shell Helix, Rimula, and Spirax product lines covering passenger car motor oils, heavy-duty diesel, and industrial lubricants; a benchmark competitor whose product portfolio mirrors Iranol's full range across automotive, industrial, and marine.
• ExxonMobil: Global lubricants leader behind the Mobil 1, Mobil Delvac, and Mobilgear brands spanning automotive, heavy-duty, and industrial applications; represents the technology and quality benchmark Iranol competes against in premium segments where API SP and OEM approvals matter.
• TotalEnergies: French integrated oil major with a global lubricants business (Total Quartz, Rubia, Carter) covering automotive, industrial, and marine segments; comparable to Iranol's integrated base-oil-to-finished-product model and a relevant benchmark for European OEM-approved formulations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/iranoloil
• LinkedInlinkedin.com/company/iranol-oil-refinery

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iranol Oil Co.