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On 13 November 2010, in compliance with the privatization plan, 89Million 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 execu ng 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 facili es via a 16-inch pipeline. The Company consists of 14 refining units and 10 units related to other services.
In order to modernize its organization and management system, Tabriz Oil Refinery has tried to launch the new management standards in 1998 and on December 1999 successfully qualified for Quality Management Certificate on the basis of ISO 9000 -1994. On October 2000 it was honored to receive the certificate of ISO 14000 on environmental management. The Company started to establish the Occupational Health and Safety Management on the basis of OHSAS 18000 Standards and finally adopted the Integrated Management System Certificate (IMS) on December 2001.
