Industrial lubricants
Today Iran holds about 10 percent of the total global oil reserves due to its unique position in terms of hydrocarbon reserves.
Iran is endowed with 157 billion barrels of oils in its proven reserves. Current exploration projects will lead to a considerable increase in the Irans oil and gas reserves.
Presently, there are 62 on shore oil fields and 16 offshore oil fields. About 26 percent of these reserves are located across Irans common borders with its neighbors.
Thanks to these reserves, Iranian oil companies are now producing numerous oil by products. Pars Oil Company produces industrial oils for aerospace, marine and engine industries.
Engine oils have the highest consumership in this industry. These oils are used in marine engines and stationary diesel engines as well as in vehicles. Marine oils account for a large share of the Middle East region demand. This is because countries in the gulf area have large shipping and logistics activities.
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