Lavan Oil Refining Company
Lavan Oil Refining Company Public Joint Stock is a listed Iranian petroleum refiner, trading under ticker شاوان, with its refinery on Lavan Island in Hormozgan Province. The company processes offshore crude and seaborne gas condensate into transport fuels, LPG, naphtha, jet fuel and sulfur. Its island operation makes it a relevant counterparty in Gulf-linked fuel supply, marine logistics and refinery services.
Operations & footprint
Products and services
Lavan Oil Refining Company refines crude oil into petroleum products including gasoline, gas oil, kerosene, fuel oil, liquefied petroleum gas, naphtha, jet fuel, and marine-fuel-related products. Its island location connects refining activity with Persian Gulf logistics, product movement, export-sensitive flows, and coastal energy infrastructure.
Operations and assets
The Lavan Island refinery has stated operating capacity of 55,000 barrels per day, against nominal capacity of 50,000 barrels per day. Feedstock includes crude supplied from the Salman, Reshadat, Bilal and Resalat offshore fields through a 12-inch pipeline, plus South Pars gas condensate delivered by vessel.
Geographic footprint
Operations are centred on Lavan Island in Hormozgan Province, with a legal office in Bandar Abbas. The refinery is supplied from Iranian offshore fields and receives gas condensate by sea.
Ownership & group structure
Parent company
Social Security Organization (سازمان تأمین اجتماعی)
Reported scale
Employees: 1,563 employees (2025). Scale note: EMIS estimated net sales revenue growth of 42.86% for Q3 2026; this is an estimate rather than a company-reported current result.
Commercial and investment relevance
Lavan Oil Refining Company is relevant for investors assessing Iran's coastal refining capacity, product-export exposure, maritime logistics, refined-fuel supply, and sanctions-sensitive energy flows. Its location near Persian Gulf shipping routes makes it more strategically exposed than an inland refinery. For market-entry or counterparty analysis, the key issues are operational continuity, insurance availability, export controls, shipping access, product pricing, feedstock supply, maintenance needs, and the impact of any security disruption on production and logistics. Lavan links offshore Iranian feedstock supply with refined-product production at an island site. It is relevant to counterparties involved in refinery maintenance, marine delivery, fuel distribution and Gulf-facing product logistics.
Constraints, risk & compliance
Key risks and constraints
Operating continuity depends on offshore crude pipeline supply, seaborne gas-condensate deliveries and island logistics. Refinery throughput is therefore exposed to disruption in these feedstock and marine-handling links.
Sanctions and compliance considerations
Iranian petroleum refining and associated cross-border product, shipping, insurance and financial transactions require transaction-specific sanctions and export-control screening.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Lavan Oil Refining Company produce?
The refinery produces gasoline, gas oil, kerosene, fuel oil, LPG, naphtha, jet fuel and sulfur.
Where is Lavan Oil Refining Company located?
Its refinery operates on Lavan Island in Hormozgan Province, while its legal office is in Bandar Abbas.
What is Lavan Oil Refining Company's stated processing capacity?
The refinery's stated operating capacity is 55,000 barrels per day, compared with nominal capacity of 50,000 barrels per day.
What is Lavan Oil Refining Company's stock ticker?
The company trades under the ticker شاوان (Shavan).