Tehran Oil Refining Company
Tehran Oil Refining Company is a Tehran Stock Exchange-listed, private-sector refinery under NIORDC supervision. From its Shahr-e Rey site south of Tehran, it processes Iranian Light crude into transport fuels, LPG and petroleum intermediates at approximately 250,000 bpd capacity. The company is a key domestic fuel-supply asset for the Tehran metropolitan market and a relevant listed refining exposure.
Operations & footprint
Products and services
Tehran Oil Refining Company refines crude oil into petroleum products used across transport, urban fuel supply, industrial energy demand, and downstream petroleum-related markets. Its operating context is tied to the Tehran metropolitan region, Rey and southern Tehran industrial geography, national fuel distribution, and demand from Iran’s largest consumer and enterprise market.
Operations and assets
The company operates a 470-hectare refinery site in Shahr-e Rey, about 15 km south of Tehran. Crude supply is transported from the Ahwaz-Asmari and Maroon-Shadegan fields through 24-inch and 26-inch pipelines. Refining capacity was approximately 250,000 bpd as of 2023.
Geographic footprint
Operations are centred on Shahr-e Rey in Tehran Province, serving the Tehran-area fuel market. Feedstock is sourced from Khuzestan oil fields through pipeline infrastructure.
Ownership & group structure
Ownership
Private-sector company listed on the Tehran Stock Exchange under the supervision of the National Iranian Oil Refining and Distribution Company (NIORDC).
Commercial and investment relevance
In the Hormuz investment graph, Tehran Oil Refining Company connects crude refining, metropolitan fuel demand, industrial energy use, transport networks, urban environmental risk, and public-market signals. It is useful for screening domestic fuel-market exposure, capital-region infrastructure dependency, downstream petroleum logistics, and refinery modernization pressure. Analysts should treat it as a benchmark for urban energy resilience rather than a simple export-oriented asset. Commercial use should verify product mix, disclosure data, policy obligations, environmental liabilities, counterparties, and sanctions exposure. The refinery is a material supply point for gasoline, diesel, jet fuel, LPG and intermediate petroleum products in the Tehran market. Suppliers and service partners are exposed to a large, established refining complex with active fuel-quality, wastewater-treatment and power-related development plans.
Constraints, risk & compliance
Key risks and constraints
Performance depends on continuous crude deliveries through pipelines from Khuzestan and on the reliability of a refinery located beside Tehran’s major urban area. Fuel-quality upgrading, including the Euro-5 gasoline project, and environmental-management projects create execution and capital-allocation requirements.
Sanctions and compliance considerations
The company operates in Iran’s petroleum refining sector, where transactions involving equipment, technology, financing, insurance and international counterparties require 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.
Where is Tehran Oil Refining Company located?
Its main refinery occupies a 470-hectare site in Shahr-e Rey, approximately 15 km south of Tehran, Iran.
What is Tehran Oil Refining Company’s refining capacity?
The refinery had crude-processing capacity of approximately 250,000 barrels per day as of 2023.
What products does Tehran Oil Refining Company produce?
Its output includes LPG, gasoline, kerosene, jet fuel, diesel/gas oil, fuel oil, vacuum bottom, sulfur, naphtha, propane, lubricant cuts and solvent products.
Is Tehran Oil Refining Company publicly listed?
Yes. The company is listed on the Tehran Stock Exchange under the ticker شتران.