Fundamental analysis of Shabriz / fruitful winter of oil refining in Tabriz – Tejaratnews
According to Tejarat News, with the publication of the monthly activity reports of listed companies on the Kodal website, the question is raised that large refining companies such as Tabriz Oil Refining Company, whose shares are traded under the symbol Shabriz in the Tehran Stock Exchange, in a month ending in February 1401 What a performance they have left behind.
Tabriz Oil Refining Company started its activity in the field of crude oil refining and production of petroleum products since 1356 and currently produces about 6.5% of the petroleum products needed by the country.
Tabriz Oil Refining Company currently offers various products to the market, among which liquid gas, gasoline, gas oil, furnace oil, white oil and jet fuel can be mentioned.
It should be noted that the shares of this company were offered in Tehran Stock Exchange for the first time in November 2009 at a price of 140 Tomans. Currently, Shabriz is traded with a market value of 49,230 billion tomans in the group of petroleum products, coke and nuclear fuel.
It should be mentioned that the company “Parsian Oil and Gas Development Group” has taken over 50% of the shares of Shabriz. Therefore, it is considered the largest major shareholder of this company.
Also, Saderat Bank of Iran and Tejarat Bank are the other major shareholders of Shabriz, each with 5.18 and 4.7 percent of shares. On the other hand, 29% of Tabriz Oil Refining Company’s shares are also held by small or so-called floating shareholders.
What was Shabriz’s record in February 1401?
Reviewing the monthly performance report of Tabriz Oil Refining Company shows that the company has increased its production and sales this month compared to January 1401.
In this way, the amount of production of Tabriz oil refining company in the second month of the winter of 1401 increased by about 13% and reached from 473 thousand 306 cubic meters in January 1401 to 536 thousand 567 cubic meters in February. This production growth is mainly seen in products such as sulfur, Isoricycle, ATK, vacuum batum and bitumen.
Of course, the comparison of the amount of production in February 1401 of this refinery with the same period of 1400 shows a decrease of one percent of the company’s production in this month. It should be mentioned that the production amount of the company was recorded in Bahman 1400, equivalent to 539 thousand 680 cubic meters.
Further investigation of this report shows that the company managed to sell 538 thousand and 13 cubic meters of its products in Bahman 1401. This number compared to the sale of 471,442 cubic meters in January, this company has experienced a growth of 14%.
On the other hand, the sales amount of Tabriz oil refining in February 1400 was recorded as 548 thousand 393 cubic meters in the company’s monthly performance report. Thus, the amount of sales of this refining in February 1401 compared to the same period of 1400 has experienced a drop of about 2%.
Read more reports on the stock news page.