Jey Oil Refining Company
Jey Oil Refining Company is an Oil Industry Pension Fund-backed Iranian producer and supplier of bitumen, founded in 2003. It operates production and storage complexes in Isfahan and Bandar Abbas, supported by export terminals in Bandar Abbas and Chabahar. With nominal annual capacity of 1.45 million tonnes, it is relevant to bitumen buyers, infrastructure suppliers and export-logistics counterparties.
Operations & footprint
Products and services
Jey Oil Refining Company produces and supplies bitumen and asphalt-related products, including penetration-grade bitumen, oxidized bitumen, emulsion bitumen, cutback bitumen, modified and polymer bitumen, special bitumen, export bitumen, domestic road-construction bitumen, and related laboratory, quality-control, commodity-exchange, bulk, drum, and logistics services. Its operating assets are linked to Isfahan refinery feedstock and Bandar Abbas export access.
Operations and assets
The company operates production and storage complexes adjacent to Isfahan Refinery and in the Persian Gulf Special Economic Zone near Bandar Abbas. Its export infrastructure includes a terminal at Shahid Rajaee Port’s Persian Gulf Dock and an export storage terminal in Chabahar. A production, storage and export terminal at Bandar-e Emam Khomeyni was under development.
Geographic footprint
Headquartered in Tehran, with production and storage operations in Isfahan and Bandar Abbas; export terminals in Bandar Abbas and Chabahar; and a terminal project in Bandar-e Emam Khomeyni.
Ownership & group structure
Ownership
Wholly invested by the Oil Industry Pension Fund.
Parent company
Oil Industry Pension Fund
Subsidiaries and group companies
Jey Pourner Pars; Jey Oil Refining Hormoz; Atlas Jey Oil Refining Arvand; Jey Oil Refining Aras; Jam Gostar Cooperative Company.
Commercial and investment relevance
Jey Oil Refining Company is relevant for investors assessing Iran's bitumen export market, road-construction materials, refinery by-product economics, Isfahan industrial supply chains, commodity-exchange pricing, and infrastructure-linked demand. It can support analysis of export margins, VB feedstock availability, energy use, environmental constraints, quality standards, construction-sector demand, and sanctions-sensitive payments and shipping. Due diligence should review updated Codal disclosures, IFB trading status, ownership, Isfahan and Bandar Abbas operating sites, export destinations, feedstock contracts, product grades, laboratory certifications, commodity-exchange sales, logistics partners, environmental compliance, and exposure to sanctions, freight, and FX volatility. Jey Oil Refining Company offers buyers a range of bitumen grades and access to inland production alongside Persian Gulf and Chabahar export-storage infrastructure. Suppliers and logistics partners are exposed to a business spanning refinery-adjacent processing, storage and port-bound distribution.
Constraints, risk & compliance
Key risks and constraints
Commercial performance depends on reliable bitumen feedstock, operating continuity at the Isfahan and Bandar Abbas complexes, and throughput at its southern export terminals. The Bandar-e Emam Khomeyni facility remains an ongoing project rather than an operating asset.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Jey Oil Refining Company produce?
The company produces and supplies penetration-grade, oxidized, emulsion, cutback, polymer-modified and special bitumen.
Where does Jey Oil Refining Company operate?
It has production and storage complexes in Isfahan and Bandar Abbas, export terminals in Bandar Abbas and Chabahar, and headquarters in Tehran.
Who owns Jey Oil Refining Company?
Jey Oil Refining Company is wholly invested by the Oil Industry Pension Fund.
What is Jey Oil Refining Company’s nominal bitumen capacity?
The company states a nominal annual bitumen capacity of 1.45 million tonnes.