Introducing the company

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Background and summary of company introduction

 

Oil Industry Investment Company (Public Joint Stock) was established on Dec. 15, 1996 and was registered with Tehran department for registration of companies and noncommercial institutes under No. 126738. Head office of company is located in Tehran.
This company is a holding company in oil industry of which the main activity is to invest in the companies, complexes and production, industrial, commercial, service and cultural projects to establish commission and contribute in the development of such units.
According to letter dated June 11, 2003 of the manager of reception and assemblies’ affairs of the stock exchange, Oil Industry Investment Company has been listed in the aforesaid organization as the 341st company. Moreover, Oil Pension Fund Investment Company (OPIC) is the main shareholder of Oil Industry Investment Company. State oil industry personnel and retirees also form a major part of shareholders of Oil Industry Investment Company. 
 

Capital of company and its changes

Company capital on the date of establishment was a sum of 136,006,863,000 Rials (including 136,006,863 shares with a par

value of 1,000 Rials) which has increased through a few stages as describe hereunder to a sum of 1,650,000,000,000 Rials

(including 1650,000,000 shares with a par value of 1,000 Rials).

 

Changes Made to the Company Capital

Date of Capital Increase

Percentage of Capital Increase

 

New Capital (Rials)

 

Source of Capital Increase

August 5, 2003

50%

204,010,294,000

Cash contribution and claims

Jan. 10, 2005

65%

336,616,985,000

Cash contribution and claims

Nov. 1, 2006

69.7%

571,228,824,000

Cash contribution and claims

Oct. 18, 2009

48.8%

850,000,000,000

Cash contribution, claims and retained profit

Dec. 25, 2013

35.3%

1,150,000,000,000

Cash contribution and claims

March 7, 2015

6.4%

1,223,600,000,000

Retained profit

March 2, 2016

34.8%

1,650,000,000,000

Retained profit

 

 

Providing more synergy through concentration on axial businesses axial businesses of company including:

Development of company activities in reserving oil and oil byproducts

Development of company activities in fuel supply to air, land and marine industries

•       Exclusion of irrelevant business by using two general approaches:

Preparing and making effort for the growth of developable businesses aiming at enhancement of final value of company upon sales and transfer

Sale or dissolution of businesses of low developability the exclusion of which will be more beneficial for the company

Providing the ground for development and financing process through entrance of subgroup companies at capital market and benefiting from all capital market capacities to a greater extent 

 

Macro goals of the company within an interval of five years: 

o Reserving business development for achievement and stabilization of leadership position of crude oil and oil products reserving market 

o Achieving leadership position of fuel supply market to state airports through maintaining Imam Khomeini Airport as the largest airport in the nation and arrival of other large and main airports of the nation in land and marine fuel supply market and stabilizing the position of one of the key players  

 

Current Activities

  •     Establishment plan of a crude oil and oil products reserving terminal with a capital of 6.4 million barrels in Queshm Island consisting of 11 floating roof tankers and marine equipment including SPM and PLEM at Queshm Oil Investment Company that will be operated in 2018.

    Fuel supply of airports at Imam Khomeini International Airport (the largest international airport in the nation) by Owj Fuel Supply and Airport Services Company 

    Construction of small fuel stations in the city of Tehran and registration of Petran brand by Petro Iranian Pak Fuel Suppliers Company 

    Providing the drilling services (including onshore and offshore wall and core pipe drifting, , charting the drilling mud, cementing and oriented horizontal drilling services) inside the nation and export of these services in the Middle East by Oil Industries Drilling Services Company 

    Management, design, recruitment and implementation of road building and construction projects, preparation and land leveling, rail (railway and subway) and airport services, construction of oil terminals and oil transmission by Rah Gostar Naft Company 

    Producing connectors, regulators and some automotive parts by Ekbatan Gas Control Company and export of products used in gas industry 

    Producing drilling mud additives including primary and secondary emulsion, suspension breakers, lubricants, anticorrosion materials, foam and antifoam materials by Naft Gostar Chemical Company 

    Producing types of single-wall and cover-gate pipes used in water, wastewater and agricultural industries by Jooy Gostar Naft Company  

     

     

     

Environments for development of activity 

Development of aerial fuel supply market through entrance at other airports in the nation and in the region 

Marine fuel supply development 

Development of an Iranian brand in the field of fuel supply 

Covering the existing stations, establishment of small fuel stations in the nation and development of ground fuel supply network 

Playing a role at drilling services market in the nation through growth and development of offshore and onshore drilling services 

Achieving stable market of drilling services in the Middle East 

Enhancement of volume of contracting activities and market development especially in the field of construction of oil terminals and oil transmission to sea 

Promotion of export of products and playing a role at producing market of drilling mud additives in the Middle East 

Promotion of market and export of connectors and regulators

              Promotion of gauge products in oil, gas, water and wastewater industry in consideration of modern technologies  

Mission and Perspective 

- Company’s perspective 

  • - Acquiring the position of one five top oil companies in Tehran Securities and Stock Exchange 

    - Company’s mission 

    - Enhancement of value of assets of shareholders of oil industry Investment Company through involvement in

    - middle industries businesses of oil and gas industry 

     

Key values of the company 

- Materialization of sustainable profiting and promotion of value of shareholders’ assets 

- Empowerment and motivating the personnel 

- Promotion of the prestige of great family of Ministry of Petroleum 

- Commitment of professional ethics 

- Accelerating the organizational processes 

 

Long-term strategies 

 

Increase of value of assets of shareholders through: 

Investment in non-management shares

Establishment of more synergy by concentrating on axial businesses such as: 

- Development of Company’s activities in reservation of oil and oil products 

- Development of Company’s activities in fuel supply for aerial and marine industries 

- Oil and oil products business as sub-business of the company 

Exclusion of irrelevant businesses by using two general approaches: 

- Preparation and making efforts to achieve developable business aiming at increase of final value of the company at time of sale and transfer 

- Sales or dissolution of low developability businesses of which exclusion will be more beneficial for the company. 

Establishment of development and financing processes through entrance of subgroup companies at capital market and benefiting from all capital market capacities to a greater extent 

 

 


Goals of the Company within an interval of five years 

- Promotion of reservation business for achievement and stabilization of leadership situation of crude oil and oil products reservation market   

- Achievement of leadership position of fuel supply market to airports in the nation by maintaining Imam Khomeini International Airport as the largest airport in the nation and entrance at other large and main airports of the nation 

- Arrival in marine fuel supply market and stabilization of the position as one of the key players 

- Enhancement of share of the corresponding activities to crude oil and oil products business at peripheral businesses of the Company to the extent that it will provide an acceptable synergy for the entire group. 

Central Office

No.81, Taheri Ave. ,Valiasre Ave. ,Tehran ,Iran

009802122654697

009802122654658