Tehran Stock Exchange publicly offered Tabriz Refinery

Sunday, 14 November 2010

On 13 November 2010, in compliance with the privatization plan, 89 Million of equity shares of the state-owned Tabriz Refinery Co. equivalent 4.6 percent of its total shares, (as 6th TSE’s listed refinery) was offered by Iran Privatization Organization on Tehran Stock Exchange at the price of 1,402 Rial (0.13 $ dollar) with the total value of 125 billion Rial (11.9 $ million). Tabriz Refinery, designed in 1974 was reached to the operation stage on February 1977. This firm is placed in the south-west of the Tabriz city. The nominal capacity of the company was 80,000 barrels per day that with executing the development schemes, nominal capacity has been increased to 110,000 barrels per day. The needed crude oil is supplied from Ahvaz-Asmari oil fields by the Rey facilities via a 16-inch pipeline.