Lavan Oil Refinery, located on Lavan Island, announced the receipt of a new guideline for calculating the delivered feedstock and petroleum products pricing. This new guideline is specifically intended for the invoices of June and July 2026, and the rates will be calculated based on the information from January 2025.
Details of the New Guideline
The new guideline establishes the basis for calculating the feedstock and petroleum products pricing for Lavan Oil Refinery for the specified period. These changes are made relying on the current rates from international reference publications and indicate that in the future, the pricing of this company's products will be based on these rates.
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This announcement clearly shows that the impacts of this change on the company's revenue and cost or profit are not yet precisely determined. The published information in this regard is insufficient to make a definitive judgment about the final effect of the guideline on the profitability of Lavan Oil Refinery.
Impact on Financial Statements
According to the company, the calculations and financial statements related to the six-month period ending on September 22, 2026, will also be conducted based on this new guideline. Therefore, the declared pricing basis will be considered in these calculations. However, to assess the actual impact of this change on the company's financial performance, a more detailed examination of the applied rates, feedstock costs, revenue from product sales, and financial statement details is necessary.
The issuance of this new guideline follows the approval of the Cabinet on July 19, 2026, and has been issued within the framework of the budget and planning regulations of the Ministry of Oil. This change could bring a transformation in the way oil companies calculate and report their finances.
Ultimately, given the lack of a specific figure regarding the extent of this change's impact, analysts and market participants will be waiting for more details on the effect of this guideline on the profitability of companies operating in this sector to be published.
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